definiens: shall mean : ( i ) if Licensee ’s common stock is publicly traded, the value of such equity using aper share price equal to the average of the reported closing prices of such stock on the exchange for the twenty trading daysprior to such purchase ; or ( ii ) otherwise, the value of such equity using the per share purchase price determined as follows : 1.2.1 If the Licensee, an Affiliate or Joint Venture, as applicable, consummates an equity financingduring the period commencing on the date that is [ * * ] days prior to, and ending on the date thatis [ * * ] days following, the date of determination, then the market value of a share of stock ofsuch entity issued in connection with such sublicensing arrangement shall be the purchase priceof a share of stock of such entity issued in the last equity financing, if any, consummated duringsuch period ; or 1.2.2 If no equity financing is consummated by the Licensee, an Affiliate or Joint Venture, asapplicable, during the period described in Paragraph 1.2.1 above, then the market value of a shareof stock of such entity shall be determined in good faith by such entity ’s Board of Directors ( orfunctional equivalent thereof ) and The Regents shall be notified thereof in writing