Common use of Discretion in Application of Net Proceeds Clause in Contracts

Discretion in Application of Net Proceeds. The Company’s management has the sole discretion to determine the application of the net proceeds of this offering. A substantial portion will be applied to working capital of the Company. Accordingly, the Company’s management will have broad discretion in the application of the net proceeds.

Appears in 4 contracts

Samples: Subscription Agreement (Rapid Therapeutic Science Laboratories, Inc.), Rapid Therapeutic Science Laboratories, Inc., Rapid Therapeutic Science Laboratories, Inc.

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