Subscription Proceeds. All subscription proceeds received upon acceptance of the subscription by the Company at the Closing shall be deposited directly into the Company’s operating account. Following payment by the Company of its costs and expenses such funds will be used by the Company for general working capital purposes.
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Sources: Convertible Note Purchase Agreement (La Rosa Holdings Corp.)
Subscription Proceeds. All subscription proceeds received upon acceptance of the subscription by the Company at the Closing shall and accepted will be deposited directly into the Company’s operating account. Following account and following acceptance by the Company hereunder and payment by the Company of its costs and expenses, including organization and Offering expenses and such funds will be used by the Company for general working capital corporate purposes, including salaries. The Company may use proceeds of the Offering immediately upon each Closing.
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