Drone USA, Inc. (OTCMKTS:DRUS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On December 7, 2017 the registrant, Drone USA, Inc. (“Drone USA”), received a payment of $79,000, net of an original issue discount of $5,800 and certain fees of $20,200, under the terms of a Securities Purchase Agreement dated November 21, 2017, with EMA Financial, LLC (“EMA Financial”) under which Drone USA issued to EMA Financial a convertible note (the “EMA Note”) in the principal amount of $105,000 that bears interest of 10% per annum. The EMA Note has a maturity date of 12 months. On or about December 8, 2017, Drone USA entered into a Securities Purchase Agreement (“SPA”) with Morningview Financial, LLC (“Morningview”) and issued a 12% fixed convertible promissory note to Morningview under the terms of the SPA. A number of terms included in the SPA and the note issued to Morningview were more favorable than the terms granted to EMA Financial under the its Securities Purchase Agreement and the EMA Note. Accordingly, on December 31, 2017, EMA Financial notified Drone USA under section 4(m) of the EMA Securities Purchase Agreement that the EMA Note was automatically amended by increasing (i) the annual interest rate to 12% percent and (ii) the Original Issue Discount to $9,450.00.