definiens: shall mean those Targets that, at the relevant time indicated under this Agreement, meet any one of the following criteria : [ * * * ] * [ * * * ] * ( a ) On a Program by Program basis, [COMPANY] shall h ave an [ * * * ] *, exercisable at [COMPANY] ’s sole discretion, to obtain an exclusive, fully sublicenseable license in the T erritory to [ * * * ] * the Target Compounds resulting f rom each Program in the [ * * * ] * the Covenant of Exclusivity a s described in Section 3.8(b ) to apply [ * * * ] * the r elevant Target Compounds to also include [ * * * ] * arising und er a given Program for any Collaboration Target . Wi th respect to any Collaboration Target that is a Sirna Committed Target, the rights obtained by [COMPANY] [ * * * ] * shall be determined in accordance with [ * * * ] * . [ * * * ] * [COMPANY] as described below [ * * * ] *, except that t he requirements [ * * * ] * shall not apply to any [COMPANY] Targets, and the [ * * * ] * shall be deemed to be [ * * * ] * [COMPANY] for all [COMPANY] Targets [ * * * ] *