definiens: shall mean : ( i ) the liquidation or dissolution of Purchaser 's publicly listed parent corporation, [COMPANY] Pharmaceuticals, Inc., a Nevada Corporation ( ) ( or of Purchaser ) or the sale or other transfer by WPI ( or by Purchaser ) ( excluding transfers to Affiliates ) of all or substantially all of its assets ; ( ii ) the occurrence of a tender offer, stock purchase, other stock acquisition, merger, consolidation, recapitalization, reverse split, sale or transfer of assets or other transaction, as a result of which any person, entity or group other than an Affiliate of WPI ( a ) becomes the beneficial owner, directly or indirectly, of securities of WPI representing more than 50 % of the ordinary shares of WPI ( or of Purchaser ) or representing more than 50 % of the combined voting power with respect to the election of directors ( or members of any other goveming body ) of WPI 's ( or of Purchaser 's ) then outstanding securities, ( b ) obtains the ability, through an event or series of events, to appoint a majority of the Board of Directors ( or other governing body ) of WPI ( or of Purchaser ), or ( c ) obtains the ability to direct the operations or management of WPI ( or of Purchaser ) or any successor to WPl 's ( or Purchaser 's ) business