definiens: shall mean all license or sublicense income received by Duke as consideration for the grant to a ThirdParty of rights with respect to any HTT ELP SMO Conjugate . Duke HTT ELP - SMO Conjugate Revenue includes, but is not limited to, upfrontlicense fees, annual license maintenance fees, payments on milestones, royalties on sales of HTT ELP SMO Conjugates, advancepayments, option fees, damages recovered from enforcement or defense of the Reverted Patent Rights ( to the extent attributable toinfringing activity that is competitive with an HTT ELP SMO Conjugate ), equity issued to Duke ( to the extent issued solely or in part asconsideration for the grant of rights ), and the like . However, Duke HTT ELP - SMO Conjugate Revenue shall not include ( i ) reimbursement ofpatent costs incurred by Duke with respect to the Reverted Patent Rights ; ( ii ) bona fide research and development funding ( e.g., FTE fundingat a commercially reasonable rate ) received by Duke for the performance by Duke of specified research and development work after the dateof the license or sublicense, and reimbursement of documented external costs incurred by Duke in performing such specified research anddevelopment work after the date of the license or sublicense ( e.g., costs of specialized materials or equipment needed for the performanceof such work, and reimbursement of documented external costs incurred by Duke for amounts paid by Duke to Third Party service providersfor the performance of any such specified research and development work that Duke subcontracts to such service providers ) . Duke shall notagree to receive anything of value in lieu of cash payments in consideration for any the grant to a Third Party of rights with respect to anyHTT ELP SMO Conjugate without the express prior written permission of Licensee, such permission not to be unreasonably withheld, provided that ( i ) such permission may be conditioned upon * * * CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [ * * * ], HAS BEEN OMITTED AND FILEDSEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIESEXCHANGE ACT OF 1934, AS AMENDED