definiens: . Net Sales means the gross amounts billed or invoiced by Newsoara, its Affiliates and Sublicensees to any Third Party that is not a S ublicensee with respect to sales of Products in the Territory, calculated in the same manner as reported in its au dited financial statements, less the following : ( a)Discounts, credits, refunds and rebates actually allowed by Newsoara, its Affiliates or their Sublicensees in amounts customary in the trad e directly for a Product ; ( b)Sales, import, export, customs, and value added taxes, and duties directly imposed on the Products and actually paid by Newsoara, its Aff iliates or their Sublicensees, in each case include d as a specific line item on an invoice to such Third Part ies ; ( c)Actual outbound freight and insurance costs actu ally paid by Newsoara, its Affiliates or their Sublicensees directly on Products, in each case included as a specific line item on an invoic e to such Third Parties ; and ( d)Amounts actually allowed or credited on returns of sales of Products by Newsoara, its Affiliates or their Sublicensees