---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008219"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:25:17.108122+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KeyStar amends $1.7M promissory note with former CEO Linss; new monthly payment schedule

## Summary
- Promissory note amended Feb 19, 2024; $425,000 paid on or before Feb 27, 2024.
- Monthly principal+interest payments of $59,665.09 begin April 1, 2024.
- Maturity date is earliest of April 1, 2026, uplisting, or change of control.
- Original note dated Feb 27, 2023 for $1.7M at 5% interest from stock redemption of 3,313,333 Series C shares.

## SEC filing metadata
- accession: 0001493152-24-008219
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832161/000149315224008219/0001493152-24-008219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000149315224008219/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008219
- JSON: https://secwatch.observer/filing/0001493152-24-008219.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008219.txt

## Key facts
- Debt Financings
  VIP Play, Inc. amended loan of $1,700,000 with John Linss at 5% per annum maturing April 1, 2026.
  - Instrument: loan
  - Principal: $1,700,000
  - Counterparty: John Linss
  - Rate: 5% per annum
  - Maturity: April 1, 2026
  - Event: amendment
  source text: “ Purchase Agreements ”) for the purchase of the Shares. The Company paid $300,000 at the closing and entered into a promissory note (the “ Note ”) with Linss for the remaining $1,700,000 of the purchase price. The Note bears interest at a rate of 5% per annum, does not include early prepayment penalties, and requires the following payments: (i) no less than
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832161/000149315224008219/0001493152-24-008219-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.