definiens: means, with respect to any security or other property, the fair market value of such security or otherproperty as determined by the Board of Directors, acting in good faith . The Required Warrantholders may object in writing tothe Board of Director ’s calculation of Fair Market Value within 10 days of receipt of written notice thereof . If the RequiredWarrantholders and the Board of Directors are unable to agree on Fair Market Value during the 10 - day period following thedelivery of the Required Warrantholders ’ objection, then the Board of Directors shall select and approve an appraiserexperienced in the business of evaluating or appraising the market value of securities ( which appraiser shall be subject toapproval by the Required Warrantholders, which approval shall not be unreasonably withheld ) . The Fair Market Valueestablished by such appraiser shall be conclusive and binding on the parties . In the event the Fair Market Value established bysuch appraiser is greater than the Fair Market Value previously determined by the Board of Directors, the fees and expensesfor such appraiser shall be borne by the Company . In the event the Fair Market Value established by such appraiser is lessthan or equal to the Fair Market Value previously determined by the Board of Directors, the fees and expenses for suchappraiser shall be borne by the holders of Warrants