definiens: means the gross amount billed or invoiced by ILDONG or any of its Affiliates, Sublicenseesor Distributors ( each, a ) to Third Parties in the Territory for sales or other dispositions or transfers for value ofProducts less ( a ) allowances for trade, quantity and cash discounts actually allowed and taken ; ( b ) freight, transportation, insurance, postage charges and customs duties included on a Seller ’s bill or invoice or as a separate item ; ( c ) credits, rebates, allowances, and amounts repaid due to returns, recalls or government regulations, including allowances for uncollectibleamounts and/or bad debts on previously sold Products ; ( d ) retroactive price reductions that are actually allowed or granted;(e ) sales taxes, excise taxes, value - added taxes and other taxes ( other than income taxes ) levied on the invoiced amount ; and(f ) duties, tariffs and other governmental charges . In addition, Net Sales are subject to the following : 11 ( i ) Net Sales shall not include sales or transfers between ILDONG and any of its Affiliates, Sublicenseesor Distributors unless such Affiliate, Sublicensee or Distributor is the end user of the Product