definiens: means any person, corporation, limited liability company, partnership or other legal entity, if any, which is controlled by a Party or which is under common control with a Party . Such entity shal l be regarded as controlling another entity if it own s or controls at least fifty percent ( 50 % ) of the s hares of the subject entity entitled to vote in the elect ion of directors ( or, in the event of an entity tha t is not a corporation, for the election of the corresponding managing authority ) ; ( b ) mean s the Academic Hospital at the University of Amster dam, at Amsterdam, the Netherlands ; ( c ) [ † ] . ; ( d ) means the Collaborative Research Agreement dated August 1, 2000 between Xenon and UBC, attached to this Agreem ent as Annex 1, including any amendments thereto ; ( e ) means the time period defined in the Collaborativ e Research Agreement ; -3- [ † ] DESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE COMMISSION ( f ) means August 1, 2000 ; ( g ) means gene therapy being [ † ] ; ( h ) has the meaning set out in the License Agreement ; ( i ) means the form of License Agreement attached to t his Agreement as Annex 2, which, except for the expunged portions ( which are confidential between Xenon and UBC ) is identical to the License Agreement dated August 1, 2000 execu ted between Xenon and UBC, including any amendments thereto ; ( j ) means a Product using or made by a process using the Xenon Licensed Rights ; ( k ) means the [ † ] Model which is in the possession of Xenon and/or UBC ; ( l ) means with respect to any Xenon Licensed Technolo gy or Licensed Product, [ † ] . Where any Net Sales are derived from a country other than Canada it shall be converted to the equivalent in Canadian dollars on the date AMT is deemed to have received such Net Sales pursuant to the terms hereof at the rate of exchange set by the Bank of M ontreal for buying such currency . The amounts of Canadian dollars pursuant to such conversion shall be included in Net Sales