Motorsport Games Inc. - Amendment to Business Loan Agreement and Promissory Note

On June 15, 2026, Motorsport Games Inc. entered into an Amendment to its Business Loan Agreement with Citibank, N.A. This amendment modifies a covenant related to the Company's fixed charges by adjusting the definition of the Fixed Charge Coverage Ratio, incorporating cash interest expenses into the denominator. Additionally, the Company and Citibank amended the related promissory note, extending the maturity date from February 20, 2027, to February 20, 2028. These changes were made to the existing credit agreement and promissory note originally dated February 20, 2026. The company has also incorporated this information under Item 2.03 as the creation of a direct financial obligation.