definiens: means any entity which directly or indirectly controls, is controlled by or is under common controlwith another entity . For purposes of this Section 1.1, means ( a ) in the case of corporate entities, direct orindirect ownership of at least fifty percent ( 50 % ) of the stock or shares entitled to vote for the election of directors and(b ) in the case of non - corporate entities, direct or indirect ownership of at least fifty percent ( 50 % ) of the equityinterest with the power to direct the management and policies of such non - corporate entities . The Partiesacknowledge that, in the case of certain entities organized under the laws of certain countries, the maximumpercentage ownership permitted by law for a foreign investor may be less than fifty percent ( 50 % ), and in such casesuch lower percentage shall be substituted in the preceding sentence ; provided, that such foreign investor has thepower to direct the management and policies of such entity