2.1 MEIDEN hereby grants to Licensee the non-transferrable and non-exclusive right to use the brand name of "MEIDEN" in the Licensee's corporate name ("Licensed Corporate Name").
2.2 Licensee's right to use the Licensed Brand is limited to the uses authorized and approved in writing by MEIDEN prior to the proposed use under this Agreement.
2.3 In the event; (1) MEIDEN loses the material ownership of the stock with the voting rights relating to the Licensee and (2) MEIDEN notifies the Licensee of the termination of the use of Licensed Brand, the Licensee shall terminate the use of the Licensed Brands in its corporate name and shall register new corporate name in the company registry in the domicile.