definiens: ( i ) when referring to, means all sales, revenues ( including revenues generated from sub - licenses in the form of lump sums ), receipts and monies, received by [COMPANY] or its Affiliates during the term of the Licensed Patents from the use, sale, lease, or other transfer, other than royalties received from Sub - licensees, of one or some Licensed Products and ( ii ) when referring to, means all royalty revenues received by [COMPANY] or its Affiliates during the term of the Licensed Patents from their Sub - licensees of one or some Licensed Products . type 1 and type 2 shall however exclude : ( a ) all equity compensation received by [COMPANY] ; ( b ) all revenues from research and development agreements ; ( c ) all grants, credits or financial support of any sort related to the research and development ; and ( d ) all revenues from material transfer agreements, provided that such agreements do not include license grants or commercialisation rights with respect to the Licensed Patents