definiens: shall mean the gross invoiced sales price for all Licensed Products sold by Licensee or its Affiliates to Third Parties throughout the Terr itory during each calendar quarter, less the follow ing amounts incurred or paid by Licensee or its Affiliates duri ng such calendar quarter with respect to sales of L icensed Products regardless of the calendar quarter in whic h such sales were made : ( a ) trade, cash and quantity discounts or rebates a ctually allowed or taken, including discounts or rebates to governmental or managed car e organizations and bad debt ( any deduction for bad debt shall not be more than [ * * * ] of sales of Licensed P roducts and any allowances for amounts written off as bad debt shall be included in Profit if later paid ) ; ( b ) credits or allowances actually given or made to a Third Party for rejection of or return of previously sold Licensed Products ( includ ing Medicare and similar types of rebates ) ; ( c ) any charges for insurance, freight, and other t ransportation costs directly related to the delivery of Licensed Product to the extent incl uded in the gross invoiced sales price ; ( d ) any tax, tariff, duty or governmental charge le vied on the transfer, transportation or delivery of a Licensed Product ( including any tax s uch as a value added or similar tax or government c harge ) borne by the seller thereof, other than franchise o r income tax of any kind whatsoever ; ( e ) any import or export duties or their equivalent borne by the seller ; ( f ) any payment made to Xxxxxx International or Med iBIC Co., Ltd. under the Xxxxxx License and the MediBIC Agreement ( in each c ase during the relevant calendar quarter for which such Profits are being determined ) ; Confidential treatment has been requested for porti ons of this exhibit . The copy filed herewith omits the information subject to the confidential treatment r equest . Omissions are designated as * * * . A comple te version of this exhibit has been filed separately with the Securities and Exchange Commission