Effective August 20, 2008, Dynamic Leisure Corp. changed its OTCBB stock ticker symbol to DYLI.E from DYLI.

Effective July 15, 2008, Robert Goddard resigned as a director of Dynamic Leisure Corp. Effective July 18, 2008, John Vahl resigned as a director of the Company.

Dynamic Leisure Corp. received a demand and notice of default dated July 10, 2008 from Trafalgar Capital Specialized Investment Fund FIS relating to certain secured convertible debentures. On January 22, 2008, the Company had entered into an agreement with Trafalgar with respect to the purchase by Trafalgar of $1,200,000 of secured convertible debentures and the issuance of related warrants. On January 24, 2008, the Company issued two (2) 42-month Debentures to Trafalgar aggregating $1,200,000. The Debentures bear interest at 12% per annum, compounded monthly, and are convertible into common stock at the lesser of (a) an amount equal to ten cents ($0.10) per share, or (b) an amount equal to 85% of the lowest daily closing bid price of the Company's common stock, as quoted by Bloomberg, LP, for the five (5) trading days immediately prior to conversion with each debenture subject to current exchange rate protection. In no event is Trafalgar entitled to convert the Debentures or accrued interest into an amount of shares that would cause Trafalgar's ownership in the Company to exceed 4.99%. The $1,000,000 Debenture required interest only payments for the first six (6) months from the closing date after which this Debenture is to be redeemed over the remaining twenty-four (24) months through monthly principal and interest at a 10% redemption premium. The $200,000 Debenture requires redemption over twelve (12) months after closing through monthly principal and interest at a 10% redemption premium. Should the Company raise in excess of $500,000 during the life of the Debentures, the Company shall be required to redeem 30% of the outstanding principal balance of the Debentures. Interest is payable in cash or common stock at a value equal to the closing bid price on the date the interest is due or when the interest is paid at the option of Trafalgar. The Company has been unable to make the required payments to Trafalgar under the Debentures. Therefore, Trafalgar provided the Notice and Default. As of the date of this Current Report, the Company is indebted to Trafalgar in the amount of $3,687,313.