Wetouch Technology issues $750k convertible notes and warrants to three lenders

Wetouch Technology Inc.

Each of three lenders receives a $250,000 convertible note; total principal $750,000; gross proceeds $675,000 after original discount.
Notes bear 8% interest, mature in one year; default interest rate rises to 16%.
Lenders get three-year warrants to purchase 200,000 shares each at $1.25 per share; conversion and exercise prices adjustable upon an Uplist Offering.
Conversion price defaults to $0.75 per share if no Uplist Offering within 180 days; prepayment triggers 10% penalty.
Craft Capital Management LLC received an $18,000 fee per note; securities issued under Section 4(a)(2) and Rule 506(b).

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