definiens: of a person or entity shall mean any other entity which ( directly or indirectly ) is controlled by, controls or isunder common control with such person or entity . For the purposes of this definition, the term ( including, withcorrelative meanings, the terms and ) as used with respect to an entity shallmean ( i ) in the case of a corporate entity, direct or indirect ownership of voting securities entitled to cast more than fiftypercent ( 50 % ) of the votes in the election of directors or ( ii ) in the case of a non - corporate entity, direct or indirect ownershipof more than fifty percent ( 50 % ) of the equity STRATEGIC ALLIANCE AND COLLABORATION AGREEMENTinterests with the power to direct the management and policies of such entity, provided that if local law restricts foreignownership, control shall be established by direct or indirect ownership of the maximum ownership percentage that may, undersuch local law, be owned by foreign interests