definiens: means the gross amounts received by ASLAN, its Affiliates and Sublicensees, and theiraffiliates and sublicensees ( as applicable, ), for Products sold by such Selling Party under thisAgreement, in arm ’s length sales to Third Parties, less deductions allowed to the Third Party customer by the SellingParty, to the extent actually taken by the Third Party customer, on such sales for:(a ) trade, quantity, and cash discounts;(b ) credits, rebates and chargebacks ( including those to managed - care entities and governmentagencies ), and allowances or credits to customers on account of rejection or returns ( including, but not limited to, wholesaler and retailer returns ) or on account of retroactive price reductions affecting such Product;(c ) freight, postage and duties, and transportation charges specifically relating to Product, includinghandling and insurance thereto ; and 8CONFIDENTIAL – EXECUTION VERSION ( d ) sales ( such as VAT or its equivalent ) and excise taxes, other consumption taxes, customs dutiesand compulsory payments to governmental authorities and any other governmental charges imposed upon the sale ofthe Product to Third Parties