Embarr Downs, Inc. (EMBR)

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The Company issued 1,785,714 shares of Common stock at an applicable conversion price of $0.0056. KBM Worldwide converted $10,000 of its note convertible in the amount of $53,000. The agreement with KBM Worldwide 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 April 14, 2014 in the amount of $53,000. There is $43,000 remaining on the note.

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