definiens: means sales to third parties of Licensed Products by [COMPANY], its Affiliates, or Sublicensees, for which royalties are due under ARTICLE V below . Net Sales sha11 be equal to net sales as determined in accordance with generally accepted accounting principles minus, to the extent not already considered in determining net sales in accordance with generally accepted accounting principles : ( i ) trade, cash and quantity credits, discounts, refunds or government rebates ; ( ii ) amounts for claims, allowances or credits for returns, retroactive price reductions, or chargebacks ; ( iii ) shipping costs, including packaging, handling fees and freight ; ( iv ) sales taxes, value - added taxes, duties and other governmental charges ; and ( v ) provisions for uncollectible accounts . For the removal of doubt, Net Sales shall not include sales among [COMPANY], its Affiliates or Sublicensees, provided that if [COMPANY] sells - a Licensed Product to an Affiliate for resale, Net Sales shall include net sales by such Affiliate to third parties on the resale ofsuch Licensed Product, with such net sales determined in the same manner as set forth above for determining Net Sales by [COMPANY] . In the - event that [COMPANY] grants a sublicense hereunder, and receives payments based upon the Sublicensee 's sales of Licensed Products, [COMPANY] may upon notice to and approval of [COMPANY], such approval not to be unreasonably withheld, modify this definition of for purposes of calculating royalties payable to [COMPANY] on such Sublicensee 's sales to be the same as the definition of sales on which the Sublicensee 's royalty to lntrogen is based