mCloud Technologies Corp (MCLD)

[Tickbomb]

Brian Kinstlinger — Analyst, Alliance Global Partners

And then the last thing I want to talk about and then I'll get back into queue with one more question probably is the $15 million of funding from Carbon Royalty, that's to fund the first 50 dealerships. Can these funds also be used for other purposes, or only the dealership? And is that separate from—

Russ McMeekin — Co-Founder, President, and Chief Executive Officer, mCloud Technologies Corp.

Only dealerships.

Brian Kinstlinger — Analyst, Alliance Global Partners

Only the dealership. So this $15 million in funding is different from what at least I thought I understood was a Middle East organization providing strategic funding. Is that right?

Russ McMeekin — Co-Founder, President, and Chief Executive Officer, mCloud Technologies Corp

Correct. The F-1 file, the perpetual preferred structure is a structure that fits all investment types, Sharia, you name it. And so that structure is not just for U.S., but it's also for the Middle East. It fits the requirements of the Middle East, but it is not the same as Carbon Royalty. I understood was a Middle East organization providing strategic funding. Is that right?