Business Description

NOTE 1. ORGANIZATIONAL STRUCTURE AND BASIS OF PRESENTATION a. ORGANIZATION Agassi Sports Entertainment Corp. (the "Company") was incorporated in Nevada on March 6, 1984 , under the name "Sporting Life, Inc." The Company's name was changed to "St. Andrews Golf Corporation" on December 27, 1988, to "Saint Andrews Golf Corporation" on August 12, 1994, and to "All-American SportPark, Inc." ("AASP") on December 14, 1998. Effective February 15, 2021, the name of the Company was changed to "Global Acquisitions Corporation." On March 31, 2025, the Company legally changed its name from "Global Acquisitions Corporation" to "Agassi Sports Entertainment Corp." On June 10, 2016, the Company entered into a Transfer Agreement for the sale and transfer of the Company's 51% interest in All-American Golf Center, Inc. ("AAGC"), which at the time constituted substantially all of the Company's assets. On October 18, 2016, the Company completed the closing of the Transfer Agreement pursuant to which the Company transferred the 51% interest in AAGC to Ronald Boreta, the Chief Executive Officer, President and director of the Company and John Boreta, his brother, who was at the time a member of the Board of Directors of the Company (collectively, the "Boretas"), and also issued to the Boretas 1,000,000 shares of the Company's common stock, in exchange for the cancellation of promissory notes held by the Boretas and accrued interest totaling $8,864,255 . AAGC constituted substantially all of the Company's assets and following the closing of the Transfer Agreement, the Company had no or nominal operations and no or nominal assets and was therefore considered to be a "Shell Company" as that term is defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company remained a "Shell Company" until May 31, 2025, when the Company entered into that certain Trademark Acquisition Agreement dated May 31, 2025, discussed in greater detail below under Note 5. In …