The terms of repayment are definitely very favorable to the lenders. The loan is to be repaid in about 5 mo with 10% penalty for paying it off in advance. The only thing I can think of for the extra 25% warrant granted is that TODOS stock is extremely illiquid and would leave lenders with no choice but to sell at extreme discount to conversion price. Hopefully, TODOS would have completed their public offering and get listed on NASDAQ by that time.