definiens: means an agreement into which LICENSEE enters with a third party that is not an Affiliate for the purpose of ( a ) granting certain rights ; ( b ) gra nting an option to certain rights ; or ( c ) forbearin g the exercise of any rights, in each case, granted by UN IVERSITY to LICENSEE in the license under this Agreement means a third party with wh om LICENSEE enters into a Sublicense . LICENSEE may further grant to its Affiliates and Sublicensee ( s ) the right to grant their own Sublicense(s ) to Sublicensee(s ), who together will be considered Sub licensee(s ) holding a Sublicense for all purposes o f this Agreement . For clarity, a Sublicense shall not incl ude any assignments made to a purchaser of all or substantially all of LICENSEE ’s assets or business in connection with Licensed Product, including by w ay of acquisition, merger, consolidation, stock sale, asset sale or other form of reorganization