definiens: means, with respect to the Company, an event in which : ( a ) any person ( a : ; the term is used for plUposeS of Section13(d ) ( ) I " 14(d ) or C - l - the EJo:.thange Ad ) II~ then beneficially owllillg more thaD fifty perteRt ( 50 % ) of the voting power of the outst'll.>(hllg secmities of the Company or my of its controllillg Affiliates . acquires or otherwi5e bc : oomes ! he benelkial owner ( within the meaning of Ru~ 13d · ) proPIllgated under the Exchange Act ) of ~ties of the Company or any of its contrOlling Affiliaie8 represerlling more dun finy percent ( 50 % ) of the voting power of the then outstanding securities of the Company willl ) rs of the Company ; ( b ) the ( ' -nmpany ( i ) oomUDllllates a ungtt, C < lflsolid.ation or similar transaction with Inothc : t J > craon where the voting SeG1.1rities of the Company or any of ilS controlling Affiliates outstanding immedilltely pre<:eding such transaction ( ( > I ' the voting 8e~\lritie s issued with respect to the votiog ~OC\lri ties of the Compau ) ' or any of its controlling Affiliates oUManding immediat ely precodiug ~uch transaction ) represent 1= than fifty percent ( 50 % ) of the ... oting lXfWeI oftht Company or any of its connvlling Atfiliates or snrvi ... ing entity, lIS lhe cue may be . following such transaction, ( ii ) IiclHs or otbeTwisc : trlIIlsfe : rs to any Pencn(~ ) in one or more related transactions ounc \han fifty pc : nlCflt ( SO% ) ofits ronsolidlted total assets, or 8S$Cl & from wmeh lDOJt . man fifty percent ( 50 % ) of i~ COfISQlidatOO oproIling income for its most m : ent fmancial year was derived . or ( iii ) di$pO~ s by sale, assignment, exclusive lioensc : or otherwise of an or substantially all of its intcllecltlal pJOpert ) ' rights ., except for lieense5 IlfIIItt such intella .. "IuaI property rights in me ordinary OOUIW of busir > ess and any isola1ed sale or assignmen t of specific iteO'l$ ofillteUectllal prop .. "rty ; or ( e ) in the evo : nt that the Company has equity s¢curiti<::s legiSlm'.d undu the Exchange Act, any ( as the teml " persot l~ is usro for the purpoltle$ of ~ons 13(d ) or 14(d ) of the Exchange Act ) other th ~ n 1he I'urchar.er ~cquires forty percent ( 40"10 ) or lTV)Tl : of the voting power of the 1hen - oulS1and ing voting s.ecu.rities of the CompilllY or any ofitli controlling Affiliates . For the purpOsc.1 of this definition, a is an Affiliate that the Company, as such term is uSCl.l in the definition of in Section I.l L1 . sha.ll meao the tlosing of the Jlurchase and sale oflhe Shine .