definiens: shall mean, for any Trading Day, the applicable pri ce of Buyer Common Stock as determined by the first of the following clauses that applies : ( i ) if the Buyer Common Stock is then listed or quote d on an Exchange, the daily volume weighted average price o f the Buyer Common Stock for such Trading Day on th e Exchange on which the Buyer Common Stock is then li sted or quoted as reported by Bloomberg L.P. ( or an y organization or agency succeeding its functions of reporting prices ) ; ( ii ) if the Buyer Common Stock i s not then listed or quoted on an Exchange, but if prices for the Buyer Common Stock are then listed or quoted on the OTC Bulletin Board, the volume weighted average price o f the Buyer Common Stock for such Trading Day on th e OTC Bulletin Board ; ( iii ) if the Buyer Stock is not then listed or quoted on the OTC Bulletin Board, b ut if prices for the Buyer Common Stock are then reported by Pin k OTC Markets Inc. ( or any similar organization or agency succeeding its functions of reporting prices ), the most recent bid price per share of the Buyer Common Stock so reported ; or ( iv ) in all other cases, the fair mark et value of a share of Buyer Common Stock as determ ined in good faith by the board of directors of Buyer