definiens: shall mean any corporation, company, partnership, joint venture and/or firm wh ich controls, is controlled by, or is under common cont rol with a specified person or entity . For purposes of this definition, shall mean ( a ) in the case of corporate entities, direct or indirect ownership o f more than 50 % of the stock or shares entitled to vote for the ele ction of directors ; and ( b ) in the case of non - corp orate entities, direct or indirect ownership of more than 50 % of th e equity interest with the power to direct the mana gement and policies of such non - corporate entities . The partie s acknowledge that in the case of certain entities organized under the laws of certain countries outside of the United States, the maximum percentage ownership permitted by law for a foreign investor may be less than fifty perce nt ( 50 % ), and that in such cases such lower percent age shall be substituted in the preceding sentence, provided tha t such foreign investor has the power to direct the management and policies of such entity