First Commercial Sale

First Commercial Sale. Means, on a country by country basis, the date of the first sale to a third party of a Licensed Product, in such country, by Licensee or any of its LIBC/4598488.8 Affiliates or Sublicensees after receipt of marketing approval in such country.

First Commercial Sale. The first transfer for value of commercial quantities of any Product by Lepu or any of its Affiliates or Sublicensees after receipt of Marketing Authorization Approval. Sales for test marketing, sampling and promotional uses, clinical study purposes or compassionate or similar uses shall not be considered to constitute a First Commercial Sale.