KeyStar borrows additional $450K from CEO-affiliated lender; total debt $5.735M

VIP Play, Inc.

Borrowed $450,000 on Sept 11, 2024 under existing note with Excel Family Partners (CEO Bruce Cassidy controls lender).
Total outstanding principal now $5,735,000; note carries 12% fixed interest, matures April 1, 2025.
Note is convertible into common stock at 80% of the lowest recent price in prior 12 months.
Interest payable monthly starting Oct 1, 2024; principal due on demand or at maturity.
Loan is uncommitted; no reborrowing after repayment.

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