definiens: means ( i ) any α7 Activator that is Discovered by a Party or its Affiliates ( or a Third Party acting on its behalf ) orjointly by the Parties or their respective Affiliates ( or a Third Party acting on its behalf ) during the course of performing the ResearchProgram, including any such α7 Activator that is derived from [ * * * ], ( ii ) any α7 Activator that is Discovered by [COMPANY] or its Affiliates ( or aThird Party acting on its behalf ) during the course of performing activities hereunder following the end of the Research Program;provided that with respect to this clause ( ii ), such α7 Activator is derived from [ * * * ], and/or ( iii ) any modified form or derivative of any ofthe foregoing, in each case of ( i ), ( ii ) and/or ( iii ), as applicable, which is claimed, covered or disclosed, in any Program Patent Rights orotherwise incorporates any Program Know - How . For clarity, Program Compounds shall not include the α7 Activators specifically listedon Schedule 1.16