Knowledge Bank

If any person or group (other than the Permitted Holders) acquires, directly or indirectly, beneficial ownership of more than fifty per cent (50%) of the issued share capital of the Company, or otherwise obtains the power to direct the management and policies of the Company, the same shall constitute a "Change of Control". Upon a Change of Control, the non-defaulting Party may, by written notice given within thirty (30) days, elect to (a) terminate this Agreement without penalty, or (b) require the acquiring party to assume all obligations hereunder on materially the same terms.