definiens: of an equity security means ( i ) if the equity security is traded on a NationalExchange, then Fair Market Value shall equal the average closing sale price of a share of such equity security asreported on the National Exchange for the five ( 5 ) trading days immediately preceding, and the five ( 5 ) trading daysincluding and following, the date payment is received for such security from the Sublicensee ; ( ii ) if the equity securityis not traded on a National Exchange, then Fair Market Value shall be determined on the basis of the common stockequivalents of such equity security, and shall equal the effective gross price per share of a common stock equivalentof ASLAN ( subject to appropriate adjustments for stock splits, stock dividends, recapitalizations, reorganizations andcombinations ) in the last sale of equity securities by ASLAN to Third Parties other than the Sublicensee ( but includingsales to such other Third Parties made at the same time as the sale to the Sublicensee ) within the preceding six(6 ) months . If no shares have been issued as provided in subsection ( ii ), the board of directors of ASLAN shalldetermine the Fair Market Value in good faith, provided that [COMPANY] shall have the right to request a determination by anindependent expert selected by mutual agreement of the Parties