definiens: means, with respect to all Licensed Pro duct distributed or sold in the Territory to Third Parties by Oyster, its Affiliates or any of its or their Sublicensees, gross receipts from sales of su ch Licensed Product in the Territory, less in each cas e [ * * * ] . For sake of clarity, in order to avoid dou ble payment of royalty on Net Sales of specific units o f Licensed Product, gross receipts from sales by Oyster to a Sublicensee ( or by a Oyster ’s Affiliate to a Sublicensee ) under the terms of a supply, license or other agreement will not be included in Net Sales, provided that such gross receipts from sales, as well as permitted deductions from gross s ales allowed under this definition, by such Sublicensee are included in and reported to [COMPANY] as Net Sales . For further clarity and avoidance of doubt, sales of Licensed Product by Oyster, its Aff iliates or any Sublicensee to a distributor or othe r reseller, including ( without limitation ) as defined in Section 2.1.1(b ), shall be considered a sale to a Third Party, and gross receipts of such sales shall be included in calculating Net Sales . Net Sales sh all be determined from the books and records of Oyster or the applicable Oyster ’s Affiliates or Sublicensees maintained in accordance with the Unit ed States Generally Accepted Accounting Principles consistently applied