definiens: means all Know - How and Patent Rights ( a ) Controll ed by Shattuck or its Affiliates prior to the Effective Date, ( b ) that comes under S hattuck ’s or its Affiliates ’ Control at any time du ring the Term, or ( c ) developed by either Party or its Affiliates during the Term as a result of such Party ’s activit ies under this Agreement or as a result of such Party ’s access to Shattuck ’s Confidential Information ; in each case t hat solely Covers a Selected Molecule or a Designated ARC Mole cule, including compositions of matter, methods of making, methods of using and methods of manufacture that solely relate to or solely Cover a Selected M olecule or a Designated ARC Molecule . For clarity, ( i ) a Pa tent Right may describe or claim ARC Technology IP, Development Molecule IP and Selected Molecule IP, a nd the determination of what constitutes ARC Technology IP, Development Molecule IP or Selected Molecule IP will be made on a claim - by - claim basis, and ( ii ) Selected Molecule IP will not include any Know -How or Patent Rights that solely relate to or sole ly Cover a Former SM2 Molecule