Resonate Blends issues $550K convertible notes with warrants, receives $500K net

Resonate Blends, Inc.

Aggregate $550K convertible notes sold to two accredited investors; net cash proceeds $500K after original issue discount.
Notes mature in 9 months, bear 10% interest; convertible at $0.15/share or variable price if no $2M qualified offering in 5 months.
Issued 600,000 commitment shares and warrants for 625,000 shares at $0.40 exercise price.
Most favored nation clause after 6 months; prohibition on future variable rate financings.

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