definiens: means shares of capital stock, convertible securi ties or warrants, options, or other rights to subscribe for, purchase or acquire from Licensee any capital stock of Licensee ; provid ed that, shall not include ( i ) preemptive or other rights to participate in new offerings of securities by Licensee after th e Effective Date, ( ii ) obligations under a purchase agreement for preferred stock of Licensee to acquire addition al shares of such preferred stock on the same terms as those purchased at an initial closing upon the passage of time or meeting ( or waiver ) of specified Licensee performance conditions, provided that, for clarity, upon purchase or acquisition all such shares of pr eferred stock shall be for purposes of th e Agreement, or ( iii ) anti - dilution provisions that have not been triggered and ( iv ) anti - dilution provisions th at would not be triggered by the issuance of equity securities to Licensor pursuant to or in connection with the prov isions of this Agreement