Addendum No. 4 to Revolving Line of Credit Agreement between Elite Data Services, Inc. and Sarah Myers
This addendum updates the existing Revolving Line of Credit Agreement between Elite Data Services, Inc. and Sarah Myers. It increases the principal amount of the loan by $2,429, making the new total $139,029. The deadline for repayment (default date) is extended to December 31, 2015. All other terms remain unchanged, and the agreement is governed by Florida law.
EXHIBIT 10.38
Addendum #4 to the Revolving Line of Credit Agreement
| [$139,029] | [12/31/2014] |
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 Two Thousand Four Hundred and Twenty-Nine Dollars ($2,429) 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 Thirty-Nine Thousand Twenty-Nine Dollars ($139,029). The default date under the Loan Agreement has been extended to December 31, 2015.
This Addendum shall be governed by and construed and enforced in accordance with the laws of Florida.
| By: | /s/ Charles Rimlinger | |
| Charles Rimlinger, CEO |
| By: | /s/ Sarah Myers | |
| Sarah Myers, Lender |
