definiens: means all proprietary or confidential information disclosed by a Party to the other Party pursuant to this Agreement . Without limitation, Confidential Information shall include any confidential or commercially sensitive information relating to [COMPANY] and Welichem and any of their Affiliates . For purposes of clarification, ( i ) up to and at the Time of the First Closing, all Confidential Information contained in the Ex -China Assets shall be deemed the Confidential Information of Welichem and thereafter shall be deemed the Confidentia l Information of [COMPANY] and no longer the Confidential Information of Welichem and ( ii ) up to and at the Time of the Second Closing, if it occurs, all Confidential Information contained in the China Assets shall be deemed the Confidential Information of Welic hem, Celestial and BWTP and thereafter shall be deemed the Confidential Information of [COMPANY] and no longer the Confidential Information of Welichem, Celestial or BWTP