definiens: means the end of Purchaser ’s fi nancial reporting period when sales of the Product as monotherapy only shall generate of US$ 50,000,000 ( fifty million U.S. Dollars ) in the aggregate . For the purpose of the 3 rd Milestone Closing shall mean the total amount actually received by the Purchaser in connection with sales of the Pr oduct, in a bona fide at arm ’s length transactions, after deduction of all of the following to the extent app licable to such sales : ( a ) all trade, cash and quan tity credits, discounts, refunds or rebates ; ( b ) allowances or cr edits for returns ; ( c ) actual and recorded sales co mmissions ; and ( d ) sales taxes ( including value added tax ), 1.30 . means 29,000 ( twenty nine thousa nd ) Preferred Shares or IPO Shares, as the case may be