definiens: means : ( a ) Prior to the sale and issuance of at least [ * * * ] shares of Series A Preferred Stock of Licensee in accordance with that certain Series A Stock Purchase Agreement of even date herewith by and be tween Licensee and the purchasers set forth therein ( the ), any Third Party ( i ) that, together with its Affiliates with whom it is required to consolidate earnings for reporting purposes under GAAP or IFRS ( ), has annual revenues of at least $ [ * * * ], ( ii ) that is, or is a Reporting Affiliate of, a publicly traded company that has market capitalization of at least $ [ * * * ], ( iii ) that together with its Reporting Affiliates has maintained over the last [ * * * ] o r ( iv ) that is approved by Licensor in writing ( in Licensor ’s sole discretion )