definiens: shall mean all amounts received and all other consideration received ( or, when in a form other than cash or its equivalent, t he fair market value thereof when received ) by LICE NSEE pursuant to any sublicense to a Sublicensee, exclud ing payments or other consideration reasonably docu mented by LICENSEE and for or in the form of : ( a ) the purc hase of LICENSEE stock or other securities or evide nces of ownership in LICENSEE ; ( b ) for or as reimbursement for the conduct of sponsored research or developmen t ; ( c ) for or as reimbursement for patenting or other out- of - pocket expenses ; or ( d ) earned royalties based u pon a percentage of net sales revenues derived from the s ale or use of Products by a Sublicensee ( that is, will include, for example, sublicense iss ue fees, milestone payments, annual fees or royalti es, and other license fees, but not earned royalties based on Product sales )