Item 1.01 Entry into a Material Definitive Agreement.
On March 17, 2023, the Company entered into a second amendment ("Amendment") to
the Share Purchase Agreement ("Share Purchase Agreement") related to Aprinnova,
LLC ("Aprinnova"), dated as of December 15, 2022, by and among the Company,
Nikko Chemicals Co., Ltd. and Nippon Surfactant Industries, Co., Ltd. Pursuant
to the Amendment, the parties agreed to extend the closing of the Share Purchase
Agreement until April 17, 2023 (the "Closing Date"), upon which closing the
Company will hold 99% of the outstanding membership interests in Aprinnova. The
Company agreed that the interest accruing on the amounts set forth in Section
2.1(b) and (c) of the Share Purchase Agreement since February 14, 2023 will
continue to accrue through the Closing Date.
The foregoing is only a brief description of the material terms of the
Amendment, does not purport to be a complete description of the rights and
obligations of the parties thereunder and is qualified in its entirety by
reference to the Amendment that will be filed as an exhibit to the Company's
quarterly report on Form 10-Q for the quarterly period ended March 31, 2023.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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