Valuation of Consideration. In the event of a Liquidity Event, if the consideration received by the Corporation is other than cash, its value will be deemed its fair market value as determined in good faith by the Board of Directors as set forth in the definitive agreements governing such Liquidity Event.
Appears in 2 contracts
Sources: Series a 2 Preferred Stock Purchase Agreement (Newsmax Inc.), Series a 2 Preferred Stock Purchase Agreement (Newsmax Inc.)