Notice of New Rice Bran Business Sample Clauses

Notice of New Rice Bran Business. Each time that a WONA Affiliate decides to engage in a New Rice Bran Business, WONA shall provide written notice to XXX (“WONA Notice”), which notice shall set forth (i) a description of such new business, (ii) the estimate of any costs and expenses to be incurred by that WONA Affiliate in establishing the business, including the construction of any facility , (iii) the estimated time to complete any related facility required for the commercial operations to commence, (iv) the nature of products that will be manufactured and commercialized by that WONA Affiliate, (v) an estimate of the operating cost, for the first two (2) years of that WONA Affiliate’s commercial operations, (vi) the cost to incorporate the WONA Entity and (vii) an offer by that WONA Affiliate to sell to XXX forty five percent (45%) of the capital stock of that WONA Entity (“WONA First Offer Shares”).
Sample 1
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Related to Notice of New Rice Bran Business

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