definiens: market price " is defined as the last recorded private transaction of [COMPANY] 's preferred stock, or if [COMPANY] is public, the average closing price of [COMPANY] 's stock over the last thirty ( 30 ) trading days on any securities exchange prior to the date of the equity transaction being closed . The following examples are intended to illustrate how payments are to be calculated under this Section : •CONFIDENTIAL TREATMENT REQUESTED 7 ( a ) [COMPANY] signs a Partnership Contract whereby [COMPANY] screens the Partner 's chemistry library for antifungal activity using the Patent Rights . Rights to drugs discovered by this collaboration rest with the Partner . In connection with the signing of the Partnership, the Partner purchases equity in [COMPANY] _ at a fifty percent ( 50 % ) premium to the for [COMPANY] 's stock . [ he only [COMPANY] technology being applied here involves the Patent Rights . Ten percent ( 10 % ) of the difference between the price paid by the Partner for [COMPANY] 's equity in this transac - tion minus ie for [COMPANY] stock multiplied by the number of shares purchased by the Partn3, ? payable to UM