definiens: means any corporation or other business entity in which liCENSEE owns or controls . db : ectly or indirectly, at l ~ t twenty percent ( 20 % ) of the . outstanding stock or other voting rights entitled to elect directors, or in which liCENSEB is owned or controlled directly or ' indirectly by at least twenty percent ( 20 % ) of the outstanding stock or other voting rights entitled to elect directors ; but in any country where the local law does not permit foreign equity .iUfdiatei~~~B 9~ or ' C<!~olsor~ oWii¥or ~nlr0l1~ by t di!c : ctly, or,.~djtectly •. ~~\~um .pe ~ ntage 9f OutS ~ dmg stoek oryoting, tights pe ~ ttat l?Y.Jo ~ Oaw~ ' ., 1.2 " Sublicenseet• means a third party to whom liCENSEE grams a sublicense of certabl righ~ granted to UCENSBJllmder : this Agreement