definiens: shall mean the average of the closing prices of [COMPANY] 's common stock on the NASDAQ ( stock market ) for the period between October 15 and November 15 of 2002 . The total amount subscribed and paid in by [COMPANY] under this Subsection shall be $ 2,000,000 and it shall be due upon signing the Agreement . Upon receipt of the amount of $ 2,000,000, [COMPANY] shall deliver to [COMPANY] the share certificate representing the number of shares ( the ) calculated accordinglYiby dividing ( X ) $ 2,000,000 by ( Y ) the product of 1.33 times the Market Price . The stock purchase under this Subsection shall be subject to [COMPANY] 's conducting the necessary due diligence ( ii ) [COMPANY] shall pay $ ~OO, OOO ] upon United States Food and Drug Administration 's first approval for the Licensed Products for detecting and assessing cervical cancer on a ~on - slid~ basisi and ( iii ) [COMPANY] shall pay $ ~OO, OOO ] on the three - year anniversary of the date when [COMPANY] launches its marketing of the Licensed Products, or on the date when [COMPANY] achieves its sales of the Licensed Products over $ [ §, 000,000 ], whichever comes first