definiens: shall mean, with respect to a Party, ( a ) a merger or consolidation of such Party with a Third Party which results in the voting securities of such Party outstanding immediately prior thereto ceasing to represent at least fifty percent ( 50 % ) of the combined voting power of the surviving entity immediately after such merger or consolidation, or ( b ) except in the case of a bona fide equity financing in which a Party issues new shares of its capital stock, a transaction or series of related transactions in which a Third Party, together with its Affiliates, becomes the beneficial owner of fifty 7/15/2016 https://www.sec.gov/Archives/edgar/data/1314102/000095012306000446/y16393exv4w13.txthttps://www.sec.gov/Archives/edgar/data/1314102/000095012306000446/y16393exv4w13.txt 7/66percent ( 50 % ) or more of the combined voting power of the outstanding securities of such Party, or ( c ) the sale or other transfer to a Third Party of all or substantially all of such Party 's assets related to the Collaboration Field