Esports Entertainment Group, Inc. announced that it entered into Secured Note Purchase Agreement to issue a secured non-convertible promissory note for the gross proceeds of $1,420,000 on March 7, 2024. The note bears interest rate of 10% per annum. All interest shall be quarterly in-kind by adding the amount of accrued interest to the outstanding principal balance of the secured note on the last business day of each calendar quarter.

The maturity date of note is March 7, 2026.