The US Bankruptcy Court gave an order to BioNitrogen Holdings Corp to obtain DIP financing on a final basis on January 27, 2016. As per the order, the debtor has been authorized to obtain a credit facility in the amount of $0.05 million from Pentant LLC. The DIP facility will be used for the purpose of funding debtors' counsel, administrative legal fees, expenses retainer and pay patent certificates in the Peoples Republic of China.