Common use of Proceeds of Financing Clause in Contracts

Proceeds of Financing. The proceeds of the sale of the Notes shall be used by the Company solely for (i) general operating expenses of the Company and (ii) to hire additional marketing employees for the Company. The portion of the proceeds of the sale of the Ford Shares which would have otherwise been received by R▇▇▇▇▇▇ ▇. ▇▇▇▇, as such portion is set forth opposite M▇. ▇▇▇▇'▇ name on Schedule II hereto, shall be delivered directly to the Company in partial satisfaction of loans made to M▇. ▇▇▇▇ by the Company. Except for the Agreement in Partial Settlement of T/F Purifiner, Inc. Issues (the "Settlement Agreement"), the Company will not use any of the proceeds from the sale of the Note for the repayment of any loans made to any shareholder of the Company or dividends or other Restricted Payments (as defined in Section 6.5 below).

Proceeds of Financing. The proceeds of the sale of the Notes shall be used by the Company solely for (i) general operating expenses of the Company and (ii) to hire additional marketing employees for the Company. The portion of the proceeds of the sale of the Ford Shares which would have otherwise been received by R▇▇▇▇▇▇▇ ▇. ▇▇▇▇, as such portion is set forth opposite M▇▇. ▇▇▇▇'▇ name on Schedule II hereto, shall be delivered directly to the Company in partial satisfaction of loans made to M▇▇. ▇▇▇▇ by the Company. Except for the Agreement in Partial Settlement of T/F Purifiner, Inc. Issues (the "Settlement Agreement"), the Company will not use any of the proceeds from the sale of the Note for the repayment of any loans made to any shareholder of the Company or dividends or other Restricted Payments (as defined in Section 6.5 below).