---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009198"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:51:51.728813+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KeyStar Corp borrows additional $2.975M under credit line, appoints James Mackey as CFO

## Summary
- James Mackey appointed CFO effective March 1, 2024; annual salary $275,000.
- Mackey previously EVP & CFO for Wells Fargo Consumer Lending and CFO of Freddie Mac.
- Total outstanding under Fifth Amended Note with Excel Family Partners reaches $4,088,800.
- Six new borrowings from Jan 4 to Feb 27, 2024 added $2.975M to prior $1,135,000 balance.
- Note is a discretionary non-revolving line of credit with principal limit of $2,000,000.

## SEC filing metadata
- accession: 0001493152-24-009198
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832161/000149315224009198/0001493152-24-009198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000149315224009198/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009198
- JSON: https://secwatch.observer/filing/0001493152-24-009198.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009198.txt

## Key facts
- Debt Financings
  VIP Play, Inc. incurred debt of $2,000,000 with Excel Family Partners, LLLP.
  - Principal: $2,000,000
  - Counterparty: Excel Family Partners, LLLP
  - Event: incurrence
  source text: In a Current Report on Form 8-K filed on January 4, 2024, KeyStar Corp., a Nevada corporation (the “ Company, ” “ we ” or “ our ”) disclosed that on December 29, 2023 the Company entered into a Fifth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership in the principal amount of not more than $2,000,000 (the “ Note ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832161/000149315224009198/0001493152-24-009198-index.htm
- Executive change
  James Mackey was appointed as Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer at VIP Play, Inc..
  - Action: appointed
  - Role: Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer
  source text: On March 1, 2024, the board of directors of the Company (the “ Board ”) appointed James Mackey (“ Mackey ”) as the Company’s new Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832161/000149315224009198/0001493152-24-009198-index.htm

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