Embarr Downs, Inc. (EMBR)

[monda2frida]

On August 28, 2014, the Company issued 1,419,753 shares of Common stock at an applicable conversion price of $0.0081. Asher Enterprises converted $10,000 of its note convertible in the amount of $37,500 plus $1,500 in interest. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the average of the three (3) lowest closing bid prices ten (10) trading days prior to the conversion date. This draw is against the note dated December 30, 2013 in the amount of $37,500. There is $0 remaining on the note as the note has been fully converted.