Financial Condition; Use of Proceeds. As described in Exhibit “A” attached hereto and made a part hereof, SAFEDOX is a newly-formed, development-stage company without revenues. SAFEDOX requires substantial additional capital with which to implement its complete business plan. There is no assurance that SAFEDOX will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized for corporate expenses and working capital.
Financial Condition; Use of Proceeds. LFC is a newly-formed, development-stage company without revenues. LFC requires substantial additional capital with which to implement its complete business plan. There is no assurance that LFC will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized for working capital.
Financial Condition; Use of Proceeds. USURF is a development stage company without significant revenues and has, since inception, operated at a loss and is substantially illiquid. USURF requires substantial additional capital with which to implement its business plan with respect to its Wireless Internet access products. There is no assurance that USURF will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized for working capital.
Financial Condition; Use of Proceeds. CCG is a development-stage company without current revenues. CCG requires substantial additional capital with which to implement its complete business plan. There is no assurance that CCG will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized to pay auditor expenses, professional and advisory expenses, as well as business start-up expenses.
Financial Condition; Use of Proceeds. CMGB is a development-stage company without current revenues. CMGB requires substantial additional capital with which to implement its complete business plan. There is no assurance that CMGB will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized to pay auditor expenses, professional and advisory expenses, as well as business start-up expenses.
Financial Condition; Use of Proceeds. CFC is a development stage company without significant revenues and is substantially illiquid. CFC requires substantial additional capital with which to implement its business plan. There is no assurance that CFC will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized for working capital.
Financial Condition; Use of Proceeds. Heavenstone is a newly-formed, development-stage company without revenues. Heavenstone requires substantial additional capital with which to implement its complete business plan. There is no assurance that Heavenstone will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized for working capital.
Financial Condition; Use of Proceeds. AFSE is a development-stage company without significant revenues. AFSE requires substantial additional capital with which to implement its complete business plan. There is no assurance that AFSE will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized for general and administrative expenses and working capital.
Financial Condition; Use of Proceeds. UBCI is a development-stage company. UBCI requires substantial additional capital with which to implement its complete business plan. There is no assurance that UBCI will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized for the payment of operating expenses and working capital.
Financial Condition; Use of Proceeds. RDAR is a development-stage company without revenues. RDAR requires substantial additional capital with which to implement its complete business plan. There is no assurance that RDAR will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized to pay operating expenses.
