{"url_path":"/sec/migi/8-k/2026-06-03/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/1218683/0001213900-26-064721-index.html","accession_number":"0001213900-26-064721","cik":"0001218683","ticker":"BGDE","issuer_name":"Big Digital Energy, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1218683/0001213900-26-064721-index.html","primary_entity_key":"0001218683","primary_entity_name":"Big Digital Energy, Inc."},"word_count":307,"has_tables":true,"body_markdown":"** **\n\n**Item\n2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**\n\n** **\n\nOn\nMay 28, 2026, Big Digital Energy, Inc. (the “Company” and the “Borrower”), and Endeavor Blockchain, LLC, an Arkansas\nlimited liability company (“Endeavor” and the “Noteholder”), entered into a promissory note providing for a revolving\nline of credit, with the aggregate principal sum of all revolving loans advanced from time to time by the Noteholder to the Borrower\nnot to exceed forty million dollars ($40,000,000) (the “Promissory Note”).\n\n \n\nPursuant\nto the Promissory Note, each revolving loan bears interest at a fixed rate of 12% per annum, with principal and interest payable upon\ndemand. The revolving line of credit is secured by assets of the Borrower listed in the Promissory Note.\n\n \n\nThe\nPromissory Note contains customary representations, warranties, covenants, events of default and security arrangements. Borrower is also\nsubject to restrictions on incurring additional indebtedness and additional liens on the collateral. The Promissory Note provides for\ncustomary events of default, including, among others, failure to pay principal or interest, breach of representations and warranties,\nviolation of covenants, bankruptcy or insolvency events. The Borrower may at any time, and without penalty, prepay outstanding amounts\nunder the revolving loans, or if there are no outstanding amounts, terminate the Promissory Note.\n\n \n\nJosh\nKilgore, the Company’s Executive Chairman of the Board, is the sole member of Endeavor. The issuance of the Promissory Note is\na related party transaction that was approved by the Audit Committee of the Board of Directors of the Company (the “Board”)\nand the Special Transactions Committee of the Board.\n\n \n\nThe\nforegoing description is a summary of certain terms of the Promissory Note and is qualified in its entirety by reference to the full\ntext of the document, which is filed as Exhibit 10.1 hereto and incorporated herein by reference"}