definiens: means any consideration, whether in cash ( e.g. initial or upfront payments, technology access fees, annual fixedpayments ) or in kind ( e.g. devices, services, use rights, equity ), received by [COMPANY] or ISIS and their Affiliates from Sublicensees as considerationfor the sublicense granted . Sublicense Consideration specifically excludes ( i ) any milestone payments relating to the achievement of certain clinicalevents, ( ii ) any running royalties on sales of products, ( iii ) payments specifically committed to reimburse [COMPANY] or ISIS for the fully - burdened costof research and development, ( iv ) payments made by the Sublicensee in consideration of equity ( shares, options, warrants or any other kind ofsecurities ) of [COMPANY] or ISIS at fair market value, and ( iv ) equity ( shares, options, warrants or any other kind of securities ) of the Sublicenseepurchased by [COMPANY] or ISIS at fair market value