definiens: means the gross invoice price charged by, and the fair market value of non - cash consideration paid to, LICENSEEfor SALES of LICENSED PRODUCTS, LICENSED SERVICES, and LICENSED METHODS, less the sum of the following actualand customary deductions where applicable : ( i ) the actual amount of write - offs for bad debts ( in accordance with generallyaccepted accounting principles and that would reasonably be taken by a similarly situated company ) related to such SALES;(ii ) cash, prompt pay, trade or quantity discounts ; ( iii ) sales tax, use tax, consumption tax, Deductible Value Added Tax, tariffs, import / export duties or other excise taxes when included in gross sales, but not income taxes derived from such sales;(iv ) transportation charges ; and Page 5 of 35 4D Molecular Therapeutics LLC Exclusive LicenseUC Case No . : B03 - 104 Confidential [ * * * ] Certain information in this document has been excluded pursuant to Regulation S - K, Item 601(b)(10 ) . Such excludedinformation is not material and would likely cause competitive harm to the registrant if publicly disclosed