the opportunities, the self-interest of McDonald's or its officers or directors may be brought into conflict with that of the Corporation.
(c) "McDonald's" shall mean McDonald's Corporation, an Delaware corporation, and any of its successors by way of merger,
share exchange or sale of all or substantially all of its assets, and all subsidiaries of McDonald's; provided, however, that for purposes of
Article VIII, "McDonald's" shall not include the Corporation or any of the Corporation's subsidiaries.
(d) "person" shall mean a natural person, corporation, partnership, joint venture, association, or legal entity of any kind;
each reference to a "natural person (or to a "record holder" of shares, if a natural person) shall be deemed to include in his or her representative capacity a guardian, committee, executor,
administrator or other legal representative of such natural person or record holder.
(e) "subsidiary" shall mean, as to any person, a corporation, partnership, joint venture, association or other entity in
which such person beneficially owns (directly or indirectly) 50% or more of the outstanding voting power or partnership interests or similar voting interests.