definiens: means the gross amount invoiced by I - Mab, and its Affiliates and sub - licensees to unrelated third parties for sales of theLicensed Product in the applicable Territory, less the following deductions to the extent included in the gross invoiced sales price forthe Product or otherwise directly paid or incurred by I - Mab, and its Affiliates and sub - licensees, with respect to sales of the LicensedProduct in the applicable Territory : a)trade, quantity and cash discounts allowed ; b)discounts, refunds, rebates, chargebacks, retroactive price adjustments, and any other similar allowances whicheffectively reduce the net selling prices ( but excluding sales force commissions ) in accordance with PRC GAAP and thelaws of the applicable jurisdictions ; c)freight expense ( actual ), including insurance, to the extent it is not charged to or reimbursed by the customer ; d)compulsory payments and rebates directly related to the sale of the Product paid to a governmental authority pursuant togovernmental regulations by reason of any national or local health insurance program or similar program ; e)product returns and allowances ; and f)taxes ( including, VAT, excise, consumption, sales and similar taxes and customs duties ) to the extent actually incurred, paid or collected and remitted to the relevant tax authority ( but specifically excluding, for clarity, any income taxesassessed against the income arising from such sale )