VIP Play, Inc. Enters Material Definitive Agreement

TL;DR

VIP Play, Inc. signed a big deal on Feb 7, 2025. Details in new filing.

AI Summary

On February 7, 2025, VIP Play, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company, formerly known as KeyStar Corp., is incorporated in Nevada and headquartered in Miami, Florida.

Why It Matters

This filing indicates a significant new contract or partnership for VIP Play, Inc., which could impact its future revenue and operations.

Risk Assessment

Risk Level: medium — Entering a material definitive agreement is a significant event, but the lack of specific details about the agreement's nature and terms introduces uncertainty.

Key Players & Entities

• VIP Play, Inc. (company) — Registrant
• KeyStar Corp. (company) — Former company name
• February 7, 2025 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of incorporation
• Miami, Florida (location) — Business address

FAQ

Filing Documents

• form8-k.htm (8-K) — 35KB
• ex10-1.htm (EX-10.1) — 393KB
• 0001493152-25-005706.txt ( ) — 668KB
• vipz-20250207.xsd (EX-101.SCH) — 3KB
• vipz-20250207_lab.xml (EX-101.LAB) — 33KB
• vipz-20250207_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On February 7, 2025 (" Effective Date "), VIP Play, Inc., a Nevada corporation (" us ," " we " or " our ") entered into a Player Account Management Services Agreement (the " Agreement ") with White Hat Gaming Limited, a Malta corporation (" White Hat "), a provider of Internet-based interactive gaming services including but not limited to the operation of a platform delivering player account management services. The Agreement sets forth the terms and conditions on which White Hat will provide us with certain services, including: (i) designing, developing and supporting a desktop-formatted & mobile-device-formatted website, and native mobile application in both iOS and Android formats, designed for enabling the registration of end users, an online account by end users and end users' access and use of our sports' betting products and, to the extent applicable, games of chance; and (ii) the software and related technical development required in order to seamlessly integrate a sports wagering system into White Hat's proprietary player account management platform to support our iGaming, mobile sports betting and other interactive gaming activities. The initial term of the Agreement is for four years from the first date on which any end user places a real-money deposit into his/her online account on our gaming website or mobile gaming app created by White Hat pursuant to the Agreement. The Agreement shall automatically be renewed for additional two-year renewal terms unless either party provides the other party not less than 180 days' written notice of its intent to terminate the Agreement before the last day of the initial term or, as applicable, the relevant renewal term. The terms of the Agreement call for an initial implementation fee payable in two equal installments, the first within 30 days from the Effective Date and the second within 60 days from the Effective Date. We are also required to pay White Ha

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 10, 2025 VIP PLAY, INC. By: /s/ James Mackey James Mackey, CFO 4

View Full Filing

View this 8-K filing on SEC EDGAR