VIP Play extends maturity on 12% convertible notes held by Hackel, Access Fund I LP
VIPZ•VIP Play amended note agreements, extending maturity for $300,000 in notes held by Rick Hackel to Feb. 28, 2027, and a $150,000 note held by The Access Fund I, LP to Aug. 31, 2027. The notes carry 12% annual interest.
1. Note maturities extended
VIP Play amended its convertible note purchase agreements with Rick Hackel and The Access Fund I, LP, with the changes taking effect Sept. 1, 2026. The notes carry 12% annual interest, with principal and accrued interest due in a single balloon payment unless converted to common stock; amendments or waivers now require only the company and the relevant noteholder.
