Better For You Wellness, Inc. announced that it has entered into a securities purchase agreement with Mast Hill Fund, L.P. to issue promissory notes for gross proceeds of $279,000 on April 12, 2022. The notes are issued at discount having at original purchase price of $31,000. The notes are convertible bearing interest at a rate of 12% per annum.

The notes will have maturity date of April 12, 2023. The initial conversion price of notes is $0.037 per share, subject to adjustment for certain stock splits, stock combinations and dilutive share issuances. The company may prepay the notes in full.

The notes are unsecured. The notes are issued pursuant to regulation D.