On January 4, 2024, KeyStar Corp. disclosed that on December 29, 2023 the Company entered into a Fifth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP in the principal amount of not more than $2,000,000 (the ?Note?). The aggregate outstanding principal balance of all loans under the Note as of the date of the Note was $1,135,000.

Since the date of the Note, the company has borrowed an additional aggregate amount of $2,975,000 under the Note on six different occasions, including: $1,000,000 on January 4, 2024; $550,000 on January 10, 2024; $200,000 on January 29, 2024; $350,000 on February 5, 2024; $450,000 on February 23, 2024; and $425,000 on February 27, 2024. As of March 7, 2024, the aggregate outstanding principal balance of all loans under the Note is $4,088,800.