---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-011899"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2024-03-29T23:59:59+00:00"
generated_at: "2026-06-04T05:31:02.608115+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 $350k under demand note; total outstanding $4.81M

## Summary
- Borrowed $350k on March 27, 2024 under Fifth Amended Note with Excel Family Partners.
- Total outstanding principal balance now $4,810,000 as of March 29, 2024.
- Note bears fixed interest at 15% per annum, payable monthly, due on demand.
- Excel may convert debt into shares at 80% of lowest recent price per share in prior 24 months.
- Prepayment requires prior written notice and payment of accrued interest.

## SEC filing metadata
- accession: 0001493152-24-011899
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832161/000149315224011899/0001493152-24-011899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000149315224011899/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011899
- JSON: https://secwatch.observer/filing/0001493152-24-011899.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011899.txt

## Key facts
- Debt Financings
  VIP Play, Inc. incurred debt of $350,000 with Excel Family Partners, LLLP at 15.0%.
  - 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/1832161/000149315224011899/0001493152-24-011899-index.htm

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