Giftify enters $1M secured note with 11.5% interest, extending maturity to Dec 2025

GIFTIFY, INC.

Principal $1M, 11.5% annual interest, due Dec 31, 2025; replaces Sep 2024 note same amount.
Secured by blanket lien on all assets, subordinated only to Pathward's ~$4M line.
36% default rate after 120 days; late fee 25% of unpaid amount.
Origination fee $5,000 paid to lender Real World Digital Assets LLC.

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