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c. Use of Proceeds. The Company shall use the proceeds first for the payment of $50,000.00 to Sichenzia Ross Ference LLP for legal services in connection with the acquisition transaction with COMPANY A, second for the payment of $15,000.00 to TAAD, LLP and $27,500.00 to Fruci & Associates II for accounting and audit services in connection with the acquisition transaction with COMPANY B, and third to provide operating capital of $50,000.00 to COMPANY C in advance of the anticipated acquisition transaction with COMPANY C , and not for any other purpose, including but not limited to (i) the repayment of any indebtedness owed to officers, directors or employees of the Company or their affiliates, (ii) any loan to or investment in any other corporation, partnership, enterprise or other person (except in connection with the Company’s currently existing operations), (iii) any loan, credit, or advance to any officers, directors, employees, or affiliates of the Company, or (iv) in violation or contravention of any applicable law, rule or regulation.
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