definiens: means the gross amounts invoiced by Anebulo, its Sublicensees or its or their Aﬃliates in arm ’s length transactions to ThirdParties, for all sales of Licensed Product less the following items to the extent that they are paid or actually allowed : ( a)quantity, trade or cash discounts or consumer discount programs actually granted for such Licensed Product ; ( b)amounts repaid or credited and allowances including cash, credit or free goods allowances, given by reason of chargebacks, retroactive price reductions or billing errors, reimbursements and rebates ( including government - mandated rebates or othergovernment charges, reimbursements or similar payments granted to wholesalers or other distributors, buying groups, health careinsurance carriers or managed care entities ) for such Licensed Product ; ( c)amounts refunded or credited for Licensed Product which was rejected, spoiled, damaged, outdated or returned ; ( d)charges for packing for transportation, freight, shipping and insurance ; ( e)non - collectible receivables for such Licensed Product ; and Page 7 ( f)taxes, tariﬀs, customs duties and surcharges and other governmental charges incurred in connection with the sale, exportation orimportation of Licensed Product, provided always that sums under ( a ) to ( f ) shall be calculated in accordance with generally accepted accounting principles, or internationalfinancial reporting standards, consistently applied