definiens: . Net Sales shall mean the gross amount received by a Party, its Affiliates and/or its Sublicensees onSales of Compound Products or VEGF Products in the case of EYETECH or VEGF Products only in the case of ARCHEMIXless the following deductions : ( a ) Trade, cash and/or quantity discounts actually allowed and taken with respect to such sales to wholesalers, hospitals or other buying institutions, as reflected in the amount invoiced ; ( b ) Excises, sales taxes, value - added taxes or other taxes imposed upon and paid directly with respect to theproduction, sale, delivery or use of the Compound Product or VEGF Product ( excluding national, state or local taxes based onsuch Party ’s or its Affiliates ’ income ), as reflected in the amount invoiced ; ( c ) Import and export duties paid by a Party or its Affiliates or Sublicensees;ConfidentialPortions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to theCompany ’s application requesting confidential treatment under Rule 406 of the Securities Act