RDE enters $2M secured note with Spars Capital, 11.5% interest, related party

GIFTIFY, INC.

Principal $2,000,000, interest 11.5%, maturity January 20, 2025; origination fee $20,000.
Note collateralized by blanket lien on all assets, subordinated to $6.459M Pathward line of credit.
Spars Capital owned by trust affiliated with director Elliot Bohm, making this a related-party transaction.

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