definiens: means any inquiry, offer, proposal or indication of interest ( in writing or otherwise)from any Third Party relating to any transaction or series of related transactions involving ( i ) any acquisition or purchase byany Third Party, directly or indirectly, of 15 % or more of any class of outstanding voting or equity securities of theCompany, or any tender offer or exchange offer that, if consummated, would result in any Third Party beneficially owning15 % or more of any class of outstanding voting or equity securities of the Company, ( ii ) any merger, amalgamation, consolidation, share exchange, business combination, asset acquisition, sale, license or other similar transaction involvingassets or businesses that constitute or represent 15 % or more of the consolidated revenue, net income or assets of theCompany, ( iii ) any sale or license ( other than any non - exclusive and non - material license granted by the Company in theordinary course of business consistent with past practice ) with respect to the following Company Products : ARQ-531, ARQ-092 ( miransertib ), ARQ-751 or ARQ-087 ( derazantinib ) or any successors thereof or finished products containing any suchCompany Product or ( iv ) any liquidation, dissolution, recapitalization, extraordinary dividend or other significant corporatereorganization of the Company, the business of which constitutes 15 % or more of the consolidated revenue, net income orassets of the Company