debt
confidence high
sentiment neutral
materiality 0.65
VIP Play extends Hackel and Access convertible note maturities into 2027
VIP Play, Inc.
- VIP Play entered Third Amendments with Rick Hackel and The Access Fund I, LP, effective Sept. 1, 2026, extending convertible note maturities.
- Hackel Notes' maturity moved from Aug. 31, 2026 to Feb. 28, 2027; Access Note maturity moved to Aug. 31, 2027, with 12% annual interest.
- Outstanding principal: Hackel Notes total $300,000 ($200,000 Aug. 23, 2023; $100,000 Sept. 9, 2025), and Access Note is $150,000 dated Sept. 1, 2023.
- Amendments let each noteholder amend or waive its own agreement without other noteholder consent, delete Section 10.10, and confirm Dennis Colletti's loan was repaid.