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Vastmindz
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==Use Of Proceeds<ref name=":0" />== If the offering’s maximum allocation of $10,000,000 is raised, Vastmindz aims to use the proceeds to help the business grow dramatically. Vastmindz already has a product, it already has customers and it is seeking to invest in key areas like regulatory approvals (which are in progress) and to invest in building out its sales initiatives. Vastmindz continues to invest in R&D and seeking to additionally resource its development teams so that it can get innovative solutions to market with velocity. All of its infrastructure is based in the cloud and as the company scales and take on more customers, its cloud spend will increase and hence an additional element of funding will be used for that purpose. '''Key Terms''' Vastmindz AI Ltd, a limited company organized under the laws of England and Wales (“the Portfolio Company”) has sponsored the formation of a newly formed Delaware limited liability company Vastmindz Investments Holdings LLC (‘the Fund”). The Fund has been formed for the sole purpose of purchasing unregistered ordinary shares of Vastmindz (“Portfolio Company Securities”). The Portfolio Company Securities will be acquired by the Fund directly in a private placement conducted by Vastmindz in accordance with Regulation D of the Securities Act of 1933 (the “Private Placement”) . The Fund is offering, through its private placement memorandum, its limited liability company interests (the “Interests”) on a private placement basis to investors who satisfy the eligibility standards described in this private placement memorandum. Persons whose subscriptions are accepted by the Fund will be admitted as members of the Fund (“Members”). Each Interest includes the right of that Member to all benefits to which a Member may be entitled pursuant to the Operating Agreement and under applicable law, together with all obligations of the Member to comply with the terms and provisions of the Operating Agreement and applicable law.
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