ProPhase Labs borrows $500K each from CEO and investor; issues 500K unvested warrants at $0.60

ProPhase Labs, Inc.

Borrowed $500,000 each from CEO Ted Karkus and an unaffiliated investor (total $1M) under two identical loan agreements.
Each loan has 20% original issue discount, 10% annual interest, 12-month maturity; secured but subordinated to up to $6M other lenders.
Issued 500,000 unvested warrants at $0.60 exercise price; vest only upon shareholder approval to increase authorized shares.
CEO loan is a related-party transaction approved by the Audit Committee.

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