Super League extends $1.77M August notes; interest jumps to 20% and maturity pushed to Aug 2025

Super League Enterprise, Inc.

Extended maturity on three August 2024 notes (Drozdov, Khakshoor, Firepit) from June 1 to Aug 1, 2025; interest rate increased to 20% starting June 1, 2025.
Consideration payments: $18,750 each to Drozdov and Khakshoor, $12,500 to Firepit, paid in two installments (June 15 and July 15, 2025); failure to pay triggers default.
Also extended $1.5M November 2024 note from a board member to Nov 19, 2026; interest stops accruing after Nov 19, 2025; monthly payments of $175,000 start Nov 19, 2025 for 12 months.
Company had already missed original maturity on August notes; lenders waived defaults subject to receipt of consideration payments.

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