definiens: Permitted Acquisition . Permitted Acquisition " shall mean ( i ) acquisitions by Distributor or its Affiliates where the Competing Product represents less than twenty percent ( 20 % ) of the sales of the acquired Person or acquired product portfolio in the latest full fiscal year of the acquired Person and Distributor takes no steps or actions to increase such sales ; or ( ii ) if the Competing Product represents more than twenty percent ( 20 % ) of the sales of the acquired 30 Person or acquired product portfolio, and the Distributor or its Affiliates agree to divest of the Competing Product within twelve ( 12 ) months of the consummation of the acquisition ( or eighteen ( 18 ) months if at the end of the 12 - month period, Distributor or its Affiliates are in the process of negotiating such divestiture ) ; ( k ) Furnish to Company all advertising, marketing and promotional materials related to the Product, for review and approval as to conformance with regulatory requirements, at least fifteen ( 15 ) days prior to utilizing such materials . Company shall not unreasonably withhold approval in this regard and shall have a maximum of ten ( 10 ) working days to issue its approval or propose changes . In the event Company does not respond within ten ( 10 ) working days, the Distributor will be free to utilize the specified materials