definiens: shall mean consideration of any kind received by the Company or AFFILIATED COMPANIES from a SUBLICENSEE ( S ) to the extent reasonably attributable to the grant of a sublicense under the PATENT RIGHTS under this Agreement, as determined by mutual agreement of JHU and Company, including sublicensing fees, upfro nt fees, milestone payments, stock or other forms o f equity, and the fair value of any services or other compensation received . and any other sublicensing revenue ( hereinafter referred to as ) ; provided that, in each case, such Sublicense Consideration shall exclude ( i ) amounts paid to the Company by the SUBLICENSEE(S ) for running royaltie s on sales of LICENSED PRODUCT(S ) and LICENSED SERVICE(S ) ( hereinafter referred to as ) and ( ii ) any amounts pai d to the Company by the SUBLICENSEE(S ) for ( a ) prod uct development, research work, clinical studies, manuf acturing and regulatory approvals performed by or f or the Company or AFFILIATED COMPANIES ( including third pa rties on their behalf ), each pursuant to a specific agreement and ( b ) equity investments at Fair Market Value . The term shall mean the average price that the stock in question is publicl y trading at for [ * * * ] prior to the announcement of its purchase by the SUBLICENSEE(S ) or if the stock is not public ly traded, the value of such stock as determined by a third party GAAP qualified accountant, reasonably accepta ble to the parties and whose services are retained at Company ’s expense, or by the most recent private fi nancing through a financial investor ( an entity who se sole interest in the Company or AFFILIATED COMPANY is fi nancial ) of the Company or AFFILIATED COMPANY that issued the shares if such financing wa s completed within [ * * * ] of the relevant date