secwatch.observer — SEC 8-K summary
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Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001393905-23-000090
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyStar Corp. increases related-party credit line to $4M, issues warrant for 4M shares
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- Entered Second Amended Note with Excel Family Partners (controlled by sole director Bruce Cassidy) increasing maximum principal from $2M to $4M.
- Outstanding balance as of Feb 28, 2023: $3,776,876.51; interest at 15% fixed per annum.
- Issued warrant to purchase 4,000,000 shares at $0.25 per share, exercisable through Feb 1, 2028.
- Note is convertible at 80% of lowest recent price; lender may convert debt to common stock.
- Note is non-revolving, discretionary, and due on demand; no committed line.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000139390523000090/0001393905-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000139390523000090/keyr-20230224.htm
  HTML page:      https://secwatch.observer/filing/0001393905-23-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer