definiens: means : - 15 - Table of Contents ( a ) with respect to a given Collaboration Drugga ble / LDD Target, any compound ( including any LDD ) that ( i ) is owned by or licensed to [COMPANY] or any of its Affiliates during the Term, ( ii ) is Dir ected to such Collaboration Druggable / LDD Target and ( iii ) a rose or arises out of any [COMPANY] Discovery & Developme nt Program ( each, a ) ; ( b ) with respect to a given Collaboration Undrug gable Target, any compound ( including any LDD ) that ( i ) is owned by or licensed to [COMPANY] or any of its Affiliates during the Term, ( ii ) is Dir ected to such Collaboration Undruggable Target and ( iii ) aro se or arises out of any [COMPANY] Undruggable Target Prog ram ( each, a ) ; ( c ) each Independently Validated Third Party Com pound ; ( d ) each Non - Independently Validated Third Party Compound ; and ( e ) each Reverted Optioned Target Third Party Co mpound