Resonate Blends issues $55K convertible note, 60K commitment shares and warrant

Resonate Blends, Inc.

Issued $55,000 convertible promissory note to accredited investor; received $50,000 net after original issue discount.
Note bears 10% interest, matures in 9 months; convertible at $0.15/sh or 75% of VWAP if no $2M qualified offering in 5 months.
Issued 60,000 commitment shares and a warrant to purchase 62,500 shares at $0.40/sh.
Additional note under existing Purchase Agreement allowing up to $750,000 aggregate; $550,000 in notes issued Jan 28, 2022.
Most favored nation provision lets investor claim lower price from future securities; variable rate investments blocked.

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