Item 1.01. Entry into a Material Definitive Agreement
On September 30, 2025, Super League Enterprise, Inc. (the "Company") and Yield Point NY, LLC (the "Purchaser"), entered into Amendment No. 1 to the Secured Convertible Promissory Note (the "Note Amendment"), originally issued on July 10, 2025, pursuant to that certain Securities Purchase Agreement (the "Purchase Agreement"), by and between the Company and the Purchaser, dated therewith. Pursuant to the Note Amendment: (i) the "Conversion Price" was amended to $5.95, subject to adjustment as set forth in the Note; and (ii) the "Floor Price" was amended to $1.19. All other terms and conditions of the Note remain in full force and effect. For more information on the Note and the Purchase Agreement, please refer to our Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 14, 2025.
The foregoing summary of the terms and conditions of the Note Amendment is qualified in its entirety by reference to the full text of the Note Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.