VIP Play borrows additional $725K under convertible note; total outstanding $7.685M

VIP Play, Inc.

Borrowed additional $725,000 on Nov 22, 2024 under existing $5M convertible revolving line of credit.
Aggregate outstanding principal now $7,685,000; note matures April 1, 2025.
Interest at 12% per annum; conversion price at 80% of lowest recent stock sale price.
Lender Excel Family Partners is controlled by CEO Bruce Cassidy (related party).
Potential dilutive impact from conversion at discount to market price.

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