Common use of Proceeds of Financing Clause in Contracts

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)