| NOTE 5 - CONVERTIBLE PROMISSORY NOTES | JSJ
Investments Inc. On
June 11, 2015, the Company issued a 12% Convertible Note (the JSJ Note) to JSJ Investments, Inc, (JSJ)
in the principal amount of $100,000 receiving cash proceeds of $88,000 after payment of related legal and broker fees. The JSJ
Note bears interest at the rate of 12% per annum, and was due December 11, 2015 (the Maturity Date). The embedded
conversion option qualifies for derivative accounting and bifurcation under ASC 815-15 Derivatives and Hedging Derivatives and Hedging LG
Capital Funding, LLC On
June 16, 2015, the Company issued a 6% Convertible Note (the LG Note) to LG Capital Funding, LLC (LG)
in the principal amount of $52,500 receiving cash proceeds of $45,000 after payment or related legal and broker fees. The LG Note
bears interest at the rate of 6% per annum and is due June 16, 2016 (the Maturity Date). The embedded conversion
option qualifies for derivative accounting and bifurcation under ASC 815-15 Derivatives and Hedging. Pursuant to ASC 815, Derivatives
and Hedging. Adar
Bays, LLC On
June 16, 2015, the Company issued a 6% Convertible Note (the Adar Note) to Adar Bays, LLC (Adar) in
the principal amount of $52,500 receiving cash proceeds of $45,000 after payment or related legal and broker fees. The Adar Note
bears interest at the rate of 6% per annum and is due June 16, 2016 (the Maturity Date). The embedded conversion
option qualifies for derivative accounting and bifurcation under ASC 815-15 Derivatives and Hedging. Pursuant to ASC 815, Derivatives
and Hedging. EMA
Financial, LLC On
July 14, 2015, (the Note Issuance Date), the Company entered into a Securities Purchase Agreement (the SPA)
with EMA Financial, LLC (EMA), whereby EMA agreed to invest $156,500 (the Note Purchase Price) in
our Company in exchange for a convertible promissory note (the Note). The Company netted cash proceeds $135,000
after brokerage and legal fees aggregating $21,500 was disbursed at closing. Additionally, the Company issued to EMA 100,000 shares
of Common Stock of the Company as a loan fee. Pursuant to the SPA, on July 14, 2015, we issued a convertible promissory note (the
Note) to EMA, in the original principal amount of $156,500 (the Note Purchase Price), which bears
interest at 12% per annum. All outstanding principal and accrued interest on the Note is due and payable on the maturity date,
which is July 14, 2016 (the Maturity Date). EMA may extend the Note Maturity Date by providing written notice at
least five days before the Note Maturity Date. However, EMA may only extend the Note Maturity Date for up to an additional one-year
period. Any amount of principal or interest that is due under the Note, which is not paid by the Note Maturity Date, will bear
interest at the rate of 24% per annum until it is paid (the Note Default Interest). The Note is convertible by EMA
into shares of our common stock at any time on the date which is six (6) months following the Issue Date (Prepayment Termination
Date). At any time before the Prepayment Termination Date, the Company shall have the right, exercisable on not less than
five (5) Trading Days prior written notice to EMA of this Note, to prepay the outstanding balance on this Note (principal and
accrued interest), in full. The conversion price is the lower of: i) the closing sale price of the Common Stock on the Principal
Market on the Trading Day immediately preceding the closing date, and (ii) 60% of the lowest sale price for the Common Stock on
the Principal Market during the 20 consecutive Trading Days immediately preceding the Conversion Date. EMA does not have the right
to convert the Note into Common Stock if such conversion would result in EMAs beneficial ownership exceeding 4.9% of our
outstanding Common Stock at that time. As of March 31, 2016, the balance outstanding on the Note was $142,340, accrued interest
was $13,701 and the loan discount was $92,150. At the time of the filing of this Report, EMA has converted a total of $14,914
of principle into shares of the Companys common stock, resulting in a principle balance remaining of $141,586 and accrued
interest of $30,737. Birch
First Capital Fund, LLC Litigation On
August 16, 2013, Birch First Capital Fund, LLC, a Delaware limited liability company, and/or Birch First Capital Management, LLC,
as its manager (collectively, Birch First Capital) filed a complaint against the Company in the 15th Judicial Circuit
of Florida (2013 CA 012838) alleging breach of contract under a Line of Credit Agreement (LOC) totaling $151,000.
On November 18, 2013, Birch First brought a lawsuit in the 15th Judicial Circuit of Florida against Mr. Charles Cronin and Dr.
Earl Beaver (former officers and directors of the Company), naming the Company as a nominal defendant. A motion to dismiss was
filed by the Company concerning this derivative lawsuit, which is still currently pending. On July 23, 2015 the Parties finalized
the settlement agreements, which lead to the conclusion of Case 2013 CA 012838. Settlement On
July 23, 2015, the Company and Birch First Capital Fund LLC (Birch First Capital), a Delaware limited liability
company and Birch First Advisors LLC, a Delaware limited liability company (Birch Advisors), executed a Settlement
and Stipulation Agreement (the Settlement Agreement) dated July 21, 2015, pursuant to which the parties dismissed,
with no liability admitted or deemed to be admitted by any party, any and all claims that have been, or could have been, raised
in the outstanding litigation between the parties (the Litigation). On
July 23, 2015, pursuant to the terms and conditions of the Settlement Agreement, the Company executed an amended and restated
convertible debenture (the Amended and Restated Note) dated July 21, 2015 in the total amount of $300,000 bearing
two percent (2%) interest per annum for a period of two years for the benefit of Birch First Capital. Pursuant to the terms of
the Amended and Restated Note, $75,000 of the principal balance would be immediately converted at $0.10 per share for a total
of 750,000 shares of the Companys Common Stock issued within five (5) days from the date of execution of the Settlement
Agreement. The remaining $225,000 in principal and interest of the Amended and Restated Note will be convertible on a quarterly
basis in the amount of $37,500 into shares of the Companys Common Stock at a share price equal to the lesser of $0.10 per
share, or fifty percent (50%) of the three (3) lowest intraday trading average for the twenty (20) day trading period prior to
each conversion date, until paid in full, with accrued and unpaid interested due and payable in the final payment, under certain
terms and conditions set forth in the Amended and Restated Note. The Company recognized and expensed non-cash settlement fees
aggregating $85,842. The
original note contains an embedded conversion option and is separated from the Note and accounted for as a derivative instrument
at fair value and discount to the Note. Using the Black-Scholes option pricing model, the fair market value of the of the of the
embedded conversion option at inception was determined to be $472,028 with the following assumptions: risk-free rate of interest
of .711%, expected life of 2.0 years, expected stock price volatility of 175.371%, and expected dividend yield of zero. The initial
carrying value of the embedded conversion option was $472,028 exceeded the note and $225,000 was attributed to the note discount
and $247,028 to a one day derivative loss. The
parties agreed to amend certain parts of the Amended and Restated Note. As of December 31, 2015, Birch and the Company had not
specified the terms of any such amendment, but, at the mutual agreement of the parties, no shares have been issued pursuant to
the Amended and Restated Note. As of March 31, 2016, the balance outstanding on the Note was $225,000, accrued interest was $3,788
and the debt discount was $147,329. Birch
Advisors, LLC On
July 23, 2015, pursuant to the terms and conditions of the Settlement Agreement referenced herein, the Company executed a new
Consulting and Advisory Agreement (the Agreement) dated July 21, 2015 with Birch Advisors, LLC (Consultant)
for a period of twenty-four (24) months to commence upon the execution date of the signed Agreement, payable in the form of a
convertible debenture (New Note) in the amount of $300,000 at two percent (2%) interest per annum for a period of
two years. Pursuant to the Agreement, Consultant shall be paid $37,500 each quarter in the form of a reduction of the outstanding
principal balance of the New Note, convertible into shares of the Companys Common Stock at a share price equal to the lesser
of $0.10 per share or a twenty-five (25%) discount of the three (3) lowest intraday trading average for the twenty (20) day trading
period prior to each conversion date, until paid in full, with accrued and unpaid interest due and payable in the final payment. The
Consultant will perform advisory and consultation services to the Company, including, but not limited to, assisting Companys
management with general corporate operations, business development strategies, marketing and business plans, SEC compliance and
advising the Company on other ad-hoc matters as appropriate. The parties agreed that either the Company has the right to terminate
the Agreement earlier for non-performance by the Consultant. The Agreement also contains other customary and standard provisions.
The convertible note liability will be recorded as the quarterly benchmarks are reached. The
original note contains an embedded conversion option and is separated from the Note and accounted for as a derivative instrument
at fair value and discount to the Note. Using the Black-Scholes option pricing model, the fair market value of the of the of the
embedded conversion option at inception was determined to be $84,267 with the following assumptions: risk-free rate of interest
of .711%, expected life of 1.69 years, expected stock price volatility of 170.599%, and expected dividend yield of zero. The initial
carrying value of the embedded conversion option was $84,267 and exceeded the note and $72,267 was attributed to the note discount
and $12,000 was recorded one day derivative loss. The
parties agreed to amend certain parts of the New Note that would mutually benefit each party. As of December 31, 2015 the Consultant
and the Company had not specified the terms of any such amendment, but, at the request of the Consultant, no shares have been
issued pursuant to the New Note. Birch completed the services during the six months for the period ended December 31, 2015, and
the parties have mutually agreed to not issue the shares payable at this time. The Note payable is accrued by quarter since it
depends on the services being performed. At March 31, 2016, the principal and accrued interest under the Note was $112,500 and
$3,225, respectively and the note discount was $48,886. First
Amendment to Settlement Agreement On
May 18, 2016, the Company and Birch First Capital Fund LLC (Birch First Capital) and Birch First Advisors LLC (Birch
Advisors) executed the First Amendment to the Settlement Agreement (the First Amendment), pursuant to which
the parties mutually agreed to amend and restate the amended and restated convertible debenture (the Original Amended Note)
in the original amount of USD $300,000 (the Original Amended Note Amount), the convertible debenture (the Original
New Note) in the original amount of USD $300,000 (the Original New Note Amount) and the original consulting
agreement (the Original Consulting Agreement) dated on or about July 23, 2015, to reflect the following: (a) the
execution of an Amended and Restated Convertible Redeemable Note (the Amended and Restated Redeemable Note No.1)
in the principal amount of USD $400,000, at a rate of ten percent (10%) per annum commencing on July 23, 2015, convertible into
shares of the Companys common stock at a conversion price equal to the lesser of $0.01 per share or a discount of fifty-eight
percent (58%) of the lowest trading price for the ten (10) prior trading days, and other terms and conditions set forth therein,
(b) the issuance by Company to Birch First Capital a three-year cashless stock purchase warrant (the Warrant
No.1) for the right to purchase a total of 4,000,000 shares of Series B preferred Stock of the Company (the Preferred
Warrant Shares), at a purchase price of $0.001 per share, on the terms and conditions set forth therein, (c) the execution
of an Amended and Restated Convertible Redeemable Note (the Amended and Restated Redeemable Note No. 2) in the principal
amount of USD $300,000, at a rate of ten percent (10%) per annum commencing on July 23, 2015, convertible into shares of the Companys
common stock at a conversion price equal to the lesser of $0.01 per share or a discount of fifty-eight percent (58%) of the lowest
trading price for the ten (10) prior trading days, subject to aggregate conversion limitations of 4.99% and other terms and conditions
set forth therein, (d) the execution of an Amended and Restated Consulting Agreement (the Amended and Restated Consulting
Agreement) on the terms and conditions set forth therein, including, but not limited to, for a period of twenty-four (24)
months, with consideration payable to Birch Advisors and/or its assigns in cash in the amount of Ten Thousand Dollars ($10,000.00)
per month, including, any and all payments set forth Amended and Restated Redeemable Note No.2, and the issuance by the Company
to Birch First Advisors and/or assigns a three-year cashless stock purchase warrant (the Warrant No.2)
for the right to purchase up to 1,000,000 shares of common stock of the Company (the Common Warrant Shares) each
month a strike price of $0.001 per share (the Exercise Price), and (e) the acceptance by the Company of the execution
of the Assignment of Amended and Restated Redeemable Note No.2 (hereinafter referred to as the Assigned Note) between
Birch Advisors and Birch First Capital, in which Birch Advisors agreed to assign the ownership interest of Assigned Note to Birch
First Capital, on the terms and conditions set forth therein, of which the Company was not a party, however, provided consent
at the request of Birch Advisors and Birch First Capital. The
aggregated balance of these two Birch First Notes was $700,000 with accrued interest $114,489 and debt discount balance of $ $315,140
at March 31, 2017. Tarpon
Bay Partners Line of Credit In
conjunction with the Equity Line as discussed in Note 15 below, the Company issued a promissory note to Tarpon Bay Partners for
$50,000, due on January 31, 2016, with 10% interest per annum as consideration for transaction costs incurred by Tarpon. The $50,000
of transaction costs will be treated as a note discount under current Generally Accepted Accounting Principles and the discount
will be amortized as costs related to equity financing issuances. At March 31, 2017, the note balance and accrued interest was
$50,000 and $8,360, respectively, and the note discount balance was $139. Tarpon
Bay Partners Line of Credit Termination Agreement and Convertible Note On
May 24, 2016, the Company and Tarpon Bay Partners LLC (Tarpon) executed a Termination Agreement (the Termination
Agreement), in which the parties agreed to cancel the original Equity Purchase Agreement (the Original Purchase
Agreement), dated July 14, 2015 (except for the original Promissory Notes (the Original Tarpon Note) which
was amended and restated as set forth below), in the original amount of USD $50,000.00, issued by the Company to Tarpon as additional
compensation pursuant to Original Purchase Agreement), which gave the Company the right to issue and sell to Tarpon any of the
Five Million Dollars ($5,000,000) of the Companys common stock. In
exchange for the Termination Agreement, the Company agreed to (a) amend and restate the terms of the Original Tarpon Note, in
the form of the issuance of an amended and restated convertible redeemable note (the Amended Tarpon Note), in the
principal amount of $50,000.00, at ten percent (10%) interest per annum commencing on July 14, 2015 (the Effective Date),
to be due and payable to Tarpon by Company in four (4) separate equal quarterly payments of Twelve Thousand Five Hundred Dollars
(USD $12,500), plus accrued interest to date, due on the first day of each quarter beginning on July 1, 2016, convertible into
shares of the Companys common stock at a conversion price equal to fifty-eight percent (58%) of the lowest trading price
for the ten (10) prior trading days, subject to aggregate conversion limitations of 9.99% and other terms and conditions set forth
therein , and (b) execute a new Equity Purchase Agreement (the New Purchase Agreement), pursuant to which the Company
would have the right to issue and sell to Tarpon a total of Fifteen Million Dollars ($15,000,000) of the Companys common
stock, under the same terms as the Original Purchase Agreement, except for no additional compensation in lieu of the Amended Tarpon
Note, to be executed on such mutually agreed upon date in the future after the Company is current on all SEC filings and is relisted
on the Over-the-Counter (OTC) OTCBB and OTCQB markets. Convertible
Redeemable Note for Unpaid Invoices On
May 18, 2016, the Company and JMS Law Group PLLC (JMS) executed a settlement letter (the Settlement Letter)
in which the parties agreed to settle unpaid invoices for services rendered by JMS to the Company in the amount of $20,000, and
further agreed to pay JSM a total of $7,500 for continued services to the Company until July 31, 2016. Pursuant
to the terms of the Settlement Letter, the Company issued to JMS a six month convertible redeemable note (the Note)
in the principal amount of USD $ 27,500, at a rate of ten percent (10%) per annum commencing on date of issuance , convertible
into shares of the Companys common stock at a conversion price equal to the lesser of $0.01 per share or a discount of
fifty-eight percent (58%) of the lowest trading price for the ten (10) prior trading days, and other customary and standard terms
and conditions set forth therein. At
March 31, 2017, the note balance and accrued interest was $27,500 and $3,445, respectively, and the note discount balance was
$0. Termination
Agreement to Definitive Agreement for the acquisition of a new subsidiary Company
and Properties of Merit Inc. (POM) are parties to that certain Definitive Agreement, dated May 20, 2016, incorporated
by reference in Form 8K filed with the SEC on May 24, 2016, pursuant to which the Company agreed to acquire one hundred percent
(100%)of the ownership interest in POM, in the form of three (3) separate closings with the first closing originally anticipated
on or before May 27, 2016, subject to certain performance requirements of both parties prior to each closing. On
July 22, 2016, Elite Data Services, Inc. (the Company) and Properties of Merit Inc. (POM) executed
a Termination Agreement, pursuant to which the parties mutually agreed to terminate the Definitive Agreement dated May 20, 2016,
incorporated by reference in Form 8K filed with the SEC on May 24, 2016, pursuant to which the Company agreed to acquire one hundred
percent (100%)of the ownership interest in POM, in the form of three (3) separate closings, due to, among other reasons, certain
events that occurred subsequent to the date of execution of the Definitive Agreement, including, but not limited to, the Companys
inability to (i) become current in its reporting obligations with the Securities and Exchange Commission, and (ii) obtain the
financings required to complete the first and subsequent closings to finance the ongoing activities of POM within a reasonable
period of time. The
Termination Agreement included amongst other provisions, a mutual release of each party related to any future rights and claims
against the other, except that the Company is required to repay POM for advances made to Company pursuant to the executed definitive
agreement in the total amount of Seventeen Thousand Five Hundred Dollars (USD $17,500.00), on the terms set forth in executed
amended convertible redeemable note (the Amended Note), which replaces the original note set forth in the Definitive
Agreement. At
March 31, 2017, the note balance and accrued interest was $17,500 and $8,360, respectively. Third
Amendment; Securities Purchase Agreement and Joint Venture Agreement On
May 20, 2016, the Company and H Y H Investments, S.A. (HYHI) executed the Third Amendment to the Securities Purchase
Agreement (the Third Amendment), pursuant to which the parties agreed to further clarify and amend and restate certain
provisions of the Original Purchase Agreement, First Amendment and Second Amendment (the Original Purchase Agreement).
Pursuant to the terms of the Third Amendment, the parties mutually agreed to cancel the Original Purchase Agreement dated April
6, 2015, in exchange for a new Joint Venture Agreement (the Joint Venture) executed on even date therewith, pursuant
to which the Company and HYHI agreed to create a joint venture relationship using Elite Data Holdings S.A., a Honduras corporation,
a wholly-owned subsidiary of Elite Gaming Ventures LLC, a Florida limited liability company (EVG), a wholly-owned
subsidiary of the Company, and a distributor license from HYHI and El Mar Muerto Beauty Mineral, S.A., a Honduras corporation
(EMBM) to establish gaming operations (the Purpose) by distributing and maintaining a total of eighty
(80) slot machines in the cities of La Lima, Cortes; eighty (80) slot machines in the cities of Trujillo, Colon; and One Hundred
and Sixty (160) slot machines in Roatan in the bay island of Honduras. In addition, the Company and EVG agreed to pay HYHI consideration
in the total amount of USD $10,000,000 (the Total Consideration), including, but not limited to a convertible note,
a revenue share plan, and an initial amount of $100,000, which was paid in the Original Purchase Agreement, as amended, and is
the same $100,000 deposit described in this Note 4. Joint
Venture Termination Agreement, Note Modification, and Assignment; Transfer of Subsidiary On
or about March 14, 2017, the Company and H Y H Investments, S.A. (HYHI), a Honduras corporation executed a Joint
Venture Termination Agreement (the JV Termination Agreement), in which the entire Joint Venture set forth in the
original Joint Venture Agreement (the Joint Venture), dated May 20, 2016, was rendered null and void, except for
the validity and enforceability of a total of Three Million Nine Hundred Thousand Dollars (US$3,900,000) represented by the first
eight (8) quarterly payments of the original Amended and Restated Redeemable Note issued on or about May 20, 2016 in the amended
principal amount of Four Million Nine Hundred Thousand Dollars (USD $4,900,000), in relation to the following payments: (A) two
(2) separate payments of Four Hundred Fifty Thousand Dollars (USD $450,000), plus accrued interest to date, due on July 1, 2016
and October 1, 2016, respectively, for a total of Nine Hundred Thousand Dollars (USD $900,000), and payable in cash or convertible
into shares of common stock of DEAC at a conversion price equal to the lesser of $0.01 per share or fifty percent (50%) to the
five (5) trading day average closing price immediately preceding the payment date, and (B) the remaining balance of Four Million
(USD $4,000,000) payable in cash in a total of eight (8) equal quarterly installments of Five Hundred Thousand Dollars (USD $500,000),
plus accrued interest to date, on the first day of each quarter beginning with January 1, 2017 and ending on January 1, 2019,
convertible into shares of common stock of DEAC at fifty percent (50%) discount to the five (5) trading day average closing price
immediately preceding the payment date, and other terms more fully described in the amended note set forth in the Amended and
Restate Redeemable Note, thus cancelling the final two (2) quarterly payments (seventh and eighth quarterly payments) of Five
Hundred Thousand Dollars (USD $500,000) each for a reduction of One Million Dollars (UD$1,000,000) of the principal amount of
the Amended and Restated Redeemable Note, pursuant to the terms of the Note Cancellation and Extinguishment Agreement (the Note
Cancellation Agreement), attached as Exhibit A to the JV Termination Agreement, and any and all existing operations, including,
but not limited to, all of the assets and liabilities of the Joint Venture remained in Elite Data Holdings S.A., a Honduras corporation
(EDH), as a wholly-owned subsidiary of Elite Gaming Ventures LLC, a Florida limited liability company (EGV),
with the ownership interest of EGV assigned and transferred to HYHI and/or its assigns as set forth in the Assignment (the Assignment),
attached as Exhibit A-1 to the Note Cancellation Agreement, including other terms and conditions set forth therein. The
termination of the Joint Venture resulted in Elite Gaming Ventures LLC (and, its wholly-owned subsidiary, Elite Data Holdings
S.A.) no longer being a subsidiary of the Company, with no further operational effect or obligation to the Company, except for
certain amounts owed by the Company under a further amendment to the Amended and Restated Redeemable Note. The reduction of $1,000,000
of the Note is recorded in these financial statements as a gain on settlement. The Note balance and accrued interest were $3,900,000
and $607,778, respectively at March 31, 2017. Rimlinger
Note On
or about January 10, 2017, the Company and Charles Rimlinger, an individual (the former Chief Executive Officer and Director of
the Company) (the Rimlinger) executed a Separation and Settlement Agreement (the Rimlinger Settlement Agreement),
pursuant to the termination of his service as an officer and director of the Company, in exchange for the issuance of a one year
Convertible Redeemable Note (the Rimlinger Note) in the principal amount of USD $40,000, at a rate of ten percent
(10%) per annum commencing on date of issuance, convertible into shares of the Companys common stock at a conversion price
equal to the lesser of $0.01 per share or a discount of fifty-eight percent (58%) of the lowest trading price for the ten (10)
prior trading days, and other terms and conditions set forth therein. The Note balance and accrued interest at March 31, 2017
were $40,000 and $900, respectively. Ricketts
Note On
or about January 10, 2017, the Company and Dr. James G. Ricketts, an individual (the former Chairman of the Board and VP of Investor
Relations of the Company) (the Ricketts) executed a Separation and Settlement Agreement (the Ricketts Settlement
Agreement) in which the parties terminated both the Contractor Agreement (Ricketts Contractor) dated on or
about May 18, 2016, and the Board Member Service Agreement (Ricketts Board Agreement) dated on or about May 18,
2016, in exchange for the issuance of a one year Convertible Redeemable Note (the Ricketts Note) in the principal
amount of USD $40,000, at a rate of ten percent (10%) per annum commencing on date of issuance, convertible into shares of the
Companys common stock at a conversion price equal to the lesser of $0.01 per share or a discount of fifty-eight percent
(58%) of the lowest trading price for the ten (10) prior trading days, and other terms and conditions set forth therein. The Note
balance and accrued interest at March 31, 2017 were $40,000 and $900, respectively. Ricketts returned 500,000 Series B Preferred
shares in settlement valued at $2,500,000 recorded as a gain on settlement in the financial statements included in this filing. Antol
Note On
January 10, 2017, the Company and Stephen Antol, an individual (the former Chief Financial Officer, Secretary and Treasurer of
the Company) (the Ricketts) executed a Separation and Settlement Agreement (the Settlement Agreement)
in which the parties terminated the Contractor Agreement (Antol Contractor) dated on or about May 18, 2016, in exchange
for the issuance of a one year Convertible Redeemable Note (the Antol Note) in the principal amount of USD $40,000,
at a rate of ten percent (10%) per annum commencing on date of issuance, convertible into shares of the Companys common
stock at a conversion price equal to the lesser of $0.01 per share or a a discount of fifty-eight percent (58%) of the lowest
trading price for the ten (10) prior trading days, and other terms and conditions set forth therein. The Note balance and accrued
interest at March 31, 2017 were $40,000 and $900, respectively. Antol returned 500,000 Series B Preferred shares in settlement
valued at $2,500,000 recorded as a gain on settlement in the financial statements included in this filing. WOD
Note On
August 26, 2016, WOD Markets LLC advanced a total of Forty Thousand Dollars ($40,000) to DEAC for the purposes of funding the
completion of DEACs audit and required SEC filings, secured by two (2) separately executed Convertible Redeemable Notes
(WOD Notes). These notes bear no interest and are repayable should the acquisition of WOD Markets LLC fails to be
completed within the terms of the amended purchase agreement and subsequent joint venture agreement that terminates if not funded
December 31, 2018. At
March 31, 2017, the Note balance and accrued interest were $40,000 and $2,395, respectively. |
