On or about March 14, 2017, the Company and H Y H Investments, S.A. executed a Joint Venture Termination Agreement, in which the entire Joint Venture set forth in the original Joint Venture Agreement, dated May 20, 2016, was rendered null and void, except for the validity and enforceability of a total of $3,900,000 represented by the first eight (8) quarterly payments of the original Amended and Restated Redeemable Note issued on or about May 20, 2016 in the amended principal amount of $4,900,000, in relation to the following payments: (A) two (2) separate payments of $450,000, plus accrued interest to date, due on July 1, 2016 and October 1, 2016, respectively, for a total of $900,000, and payable in cash or convertible into shares of common stock of DEAC at a conversion price equal to the lesser of $0.01 per share or 50% to the five (5) trading day average closing price immediately preceding the payment date, and (B) the remaining balance of $4,000,000 payable in cash in a total of eight (8) equal quarterly installments of $500,000, plus accrued interest to date, on the first day of each quarter beginning with January 1, 2017 and ending on January 1, 2019, convertible into shares of common stock of DEAC at 50% discount to the five (5) trading day average closing price immediately preceding the payment date, and other terms more fully described in the amended note set forth in the Amended and Restate Redeemable Note, thus cancelling the final two (2) quarterly payments (seventh and eighth quarterly payments) of $500,000 each for a reduction of $1,000,000 of the principal amount of the Amended and Restated Redeemable Note, pursuant to the terms of the Note Cancellation and Extinguishment Agreement and any and all existing operations, including, but not limited to, all of the assets and liabilities of the Joint Venture remained in Elite Data Holdings S.A. The termination of the Joint Venture resulted in Elite Gaming Ventures LLC (and, its wholly-owned subsidiary, Elite Data Holdings S.A.) no longer being a subsidiary of the company, with no further operational effect or obligation to the company.