definiens: shall mean, for any Trading Day, the applicable price of Buyer Common Stock as determined by the first ofthe following clauses that applies : ( i ) if the Buyer Common Stock is then listed or quoted on an Exchange, the daily volumeweighted average price of the Buyer Common Stock for such Trading Day on the Exchange on which the Buyer CommonStock is then listed or quoted as reported by Bloomberg L.P. ( or any organization or agency succeeding its functions ofreporting prices ) ; ( ii ) if the Buyer Common Stock is not then listed or quoted on an Exchange, but if prices for the BuyerCommon Stock are then listed or quoted on the OTC Bulletin Board, the volume weighted average price of the BuyerCommon Stock for such Trading Day on the OTC Bulletin Board ; ( iii ) if the Buyer Stock is not then listed or quoted on theOTC Bulletin Board, but if prices for the Buyer Common Stock are then reported by Pink OTC Markets Inc. ( or any similarorganization or agency succeeding its functions of reporting prices ), the most recent bid price per share of the Buyer CommonStock so reported ; or ( iv ) in all other cases, the fair market value of a share of Buyer Common Stock as determined in goodfaith by the board of directors of Buyer