Board Determinations. In the event the Board of Directors of the Company exercises its obligation to determine the fair market value of the Common Stock in accordance with the terms of this Warrant, the Company shall provide to the holder hereof together with a copy of resolution setting forth the Board of Directors’ good faith determination of the fair market value of such Common Stock a certificate setting forth in reasonable detail the process by which the Board of Directors of the Company made its determination.
Appears in 3 contracts
Sources: Warrant Agreement (K2 Inc), Warrant Agreement (K2 Inc), Stock Purchase Warrant (K2 Inc)