definiens: means the actual gross amount invoiced for sales of Licensed Products by Coronado, its Affiliates or sublicensees to third parties, less the sum of the following : ( a ) quantity or other trade discounts ; ( b ) sales, excise, VAT, custom or tariff duties and/or taxes ; ( c ) amounts allowed or credited on returns or rejections ( including as a result of recalls, market withdrawals or other corrective actions ), and retroactive price reductions or allowances ; ( e ) outbound transportation prepaid or allowed, packaging and freight charges and transportation insurance ; ( f ) rebates or similar payments paid in connection with sales of Licensed Product to any governmental or regulatory authority in respect of any state or federal Medicare, Medicaid or similar programs in any country of the Territory, patient discount programs, administrative fees and chargebacks or similar price concessions, and sales commissions ; and ( g ) allowances for bad debt . Net Sales does not include sales of Licensed Product solely for non - profit research or clinical testing or for indigent or similar public support or compassionate use programs . A Licensed Product shall be considered only when billed or invoiced