Equity Raised

Equity Raised. An amount equal to the sum of the aggregate gross value received by the Company during the period between the Effective Date through and including the applicable Measurement Date pursuant to (i) the issuance of Additional Common Shares, (ii) the exercise of any warrants representing the right to purchase Common Shares and (iii) the conversion of any Company convertible debt into Company equity (with such Company convertible debt calculated for purposes of this definition at face value)