Proceeds of Financing. The proceeds of the sale of the Note will be used by the Company for (i) general operating expenses of the Company and (ii) to repay a former shareholder loan of $103,501.16 to the estate of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇.
Appears in 2 contracts
Sources: Note Purchase Agreement (T F Purifiner Inc), Note Purchase Agreement (Soros Fund Management LLC)