Embarr Downs, Inc. (EMBR)

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Item 8.01 Other Events.




(1)

The Company issued 2,398,529 shares of Common stock at an applicable conversion price of $0.0034. KBM Worldwide converted $8,155 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 $34,845 remaining on the note.





(2)

The Company agreed to sale its thoroughbred Street Car for $3,000.





(3)

The Company’s thoroughbred Lone Warrior raced on Thursday November 27, 2014. It was Lone Warrior’s first race.





(4)

The Company will be filing a NT 10-K for its 10-K. The Company’s auditors need the additional time to finalize the acquisition of WB Partners.