ProPhase Labs enters $2.085M convertible loan with J.J. Astor; net proceeds $1.02M

ProPhase Labs, Inc.

Loan principal $2,085,000; funding $1,500,000; net proceeds $1,020,000 after fees and reserves.
Senior secured convertible note; conversion after 12 months at $0.075/share or 90% of 10-day VWAP if on Nasdaq.
CEO Ted Karkus personally guarantees payment under Affiliate Guaranty Agreement.
Loan supports subsidiaries' Chapter 11 bankruptcy plan of reorganization (Case No. 25-19833 CMG).
Weekly installment payments; default increases principal to 110% and accrues 19% default interest.

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