definiens: means all remuneration received by Del Mar and its Affiliates from Third Partylicensees with respect to the development or commercialization of Products, including ( i ) royalties(whether prepaid, advance or running ) based on sales of Products by Third Party licensees or theirsublicensees ; ( ii ) any licensing fees for rights to develop or commercialize Products, or other paymentsin connection with the licensing of rights with respect to Products, the Assigned Patents or Materials;(iii ) milestone payments based on development, regulatory or commercialization milestones forProducts ; but excluding ( A ) equity purchases of Del Mar securities to the extent not exceeding the fairmarket value of such securities ; and ( B ) equity, credit, barter, benefit, advantage, concession oramounts paid by the Third Party licensees or other collaborators or funders as advance payment orreimbursement for contract research and development activities