definiens: means payments or other value that LICENSEE receives from a Sublicensee in consideration of a sublicense of the rights granted by TUFTS to L ICENSEE under Section 3.1, including without limitation, license fees, royalti es, milestone payments and license maintenance fees, but excluding : ( i ) payments made in consideration for the issuance of equity or debt securities of LICENSEE, to the ex tent they are issued at fair market value, ( ii ) payments for or reimbursement of patent prosecution, defense enforcement and maintenance and/or other related expenses, ( iii ) amounts paid as reimbursement for specific costs or fully burdened employee expen ses within the preceding twelve months or payments specifically committed to the fu ture research, commercialization or development of Licensed Products and Licensed Se rvices, and ( iv ) for avoidance of doubt, Net Sales of Licensed Products and Licens ed Services sold or provided by Sublicensees