Can B Corp obtains $56,250 net from $62,500 convertible note financing

Can B Corp

Note principal $62,500 with 10% original issue discount; net proceeds $56,250.
Note convertible at $4.00/share, 12% annual interest (16% on default).
Warrants issued for 9,766 shares at $6.40/share, subject to price adjustment.
Prepayment penalty of 10%; mandatory repayment if S-1 offering declared effective.
Securities issued under Section 4(a)(2) and Regulation D exemption.

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