Addendum #1 to Revolving Line of Credit Agreement between Elite Data Services, Inc. and Sarah Myers

Summary

This addendum updates the existing Revolving Line of Credit Agreement between Elite Data Services, Inc. (the borrower) and Sarah Myers (the lender). It increases the principal amount of the loan by $80,000, bringing the total to $120,000, and extends the loan's default date to December 1, 2014. The agreement is governed by Florida law.

EX-10.29 4 deac_ex1029.htm CREDIT AGREEMENT deac_ex1029.htm

EXHIBIT 10.29

Addendum #1 to the Revolving Line of Credit Agreement

[$120,000.00]

[03/31/2014]

This Addendum to the Revolving Line of Credit Agreement by and between Elite Data Services, Inc., a Florida Corporation (the "BORROWER") and Sarah Myers an Individual ("LENDER") is made and executed as of the date referred to above. An additional principal sum totaling Eighty Thousand Dollars and 00/100 ($80,000) has been added to the Revolving Line of Credit Agreement Promissory Note dated September 1, 2013 (the "LOAN AGREEMENT"), bringing the Loan Agreement to a total sum of One Hundred and Twenty Thousand Dollars and 00/100 ($120,000). The default date under the Loan Agreement has been extended to December 1, 2014.

This Addendum shall be governed by and construed and enforced in accordance with the laws of Florida.

By:	/s/ Steven Frye

By:	/s/ Sarah Myers