---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010228"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:38:44.828986+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KeyStar borrows additional $350,000 under demand note; total $4.46M at 15%

## Summary
- Borrowed $350,000 additional under Fifth Amended Note from Excel Family Partners on March 12, 2024.
- Total outstanding principal under the note is $4,460,000 as of March 18, 2024.
- Interest accrues at 15% fixed per annum, payable in arrears monthly.
- Note is payable on demand; company may prepay with accrued interest.
- Excel may convert all or part of debt into shares at 80% of lowest recent price (min $0.50/share).

## SEC filing metadata
- accession: 0001493152-24-010228
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832161/000149315224010228/0001493152-24-010228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000149315224010228/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010228
- JSON: https://secwatch.observer/filing/0001493152-24-010228.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010228.txt

## Key facts
- Debt Financings
  VIP Play, Inc. incurred loan of $350,000 with Excel Family Partners, LLLP at 15.0%.
  - Instrument: loan
  - Principal: $350,000
  - Counterparty: Excel Family Partners, LLLP
  - Rate: 15.0%
  - Event: incurrence
  source text: ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832161/000149315224010228/0001493152-24-010228-index.htm

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