MATERIAL CHANGE REPORT
Forbes Medi-Tech Inc.
Suite 200 750 West Pender Street
Vancouver, BC V6C 2T8
July 9, 2010
A news release respecting this material change was disseminated on July 13, 2010 via Marketwire.
Forbes Medi-Tech Inc. ( Forbes or Company ) has announced the sale of substantially all of its assets
(the Asset Sale ) to MHT LLC ( MHT ) an affiliate company to Marco Hi-Tech JV LLC. Following
completion of the Asset Sale, Forbes intends on settling all of its contractual obligations, appointing a
liquidator (Abakhan & Associates Inc.) to finalize and wind-up its affairs, and distributing the resulting
net proceeds to its shareholders.
Pursuant to an agreement dated July 9, 2010 (the Asset Sale Agreement ) with MHT, Forbes has
agreed to sell substantially all of its Reducol T M assets, including all of its inventories, patents,
trademarks and related businesses (the Assets ) for approximately US$1.4 million subject to inventory
adjustments. The Asset Sale Agreement provides for, among other things, a non-solicitation covenant by
Forbes, subject to customary provisions that entitle Forbes to consider and accept a superior proposal
in respect of a purchase of its asses or all of the assets or share capital of Forbes, a right in favour of
MHT to match any superior proposal and the payment by Forbes to MHT of an expense
reimbursement of US$150,000 if the Asset Sale is not completed as a result of the superior proposal.
The Asset Sale Agreement is available on SEDAR at www.sedar.com as a material document filed
pursuant to National Instrument 51-102 Continuous Disclosure Obligations.
See also the attached news release dated July 13, 2010.
Name and Address of Company
Date of Material Change
Summary of Material Change
Full Description of Material Change
Reliance on Subsection 7.1(2) of National Instrument 51-102
This Report is not being filed on a confidential