Mobile Global Esports issues $150K convertible note with 35% discount conversion

Mobile Global Esports, Inc.

Aggregate principal $150,000; $15,000 original issue discount; net proceeds $135,000.
Note bears 6% interest, matures September 15, 2026.
Convertible after 6 months at 65% of lowest trading price in prior 15 trading days.
Prepayment penalties escalate from 110% to 140% over 180 days from issuance.
Funds used for general working capital; high dilution potential for existing shareholders.

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