Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

On May 5, 2023, Direct Selling Acquisition Corp. (the "Company") issued an unsecured promissory note (the "Note") in the principal amount of $835,718.75 to DSAC Partners LLC (the "Sponsor"). The Note does not bear interest and matures upon closing of the Company's initial business combination (a "Business Combination"). In the event that the Company does not complete a Business Combination, the Note will be repaid only from funds held outside of the trust account established in connection with the Company's initial public offering (the "Trust Account"), or will be forfeited, eliminated or otherwise forgiven. The Note is subject to customary events of default, the occurrence of which automatically trigger the unpaid principal balance of the Note and all other sums payable with regard to the Note becoming immediately due and payable.

The Note was issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

The Note is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The disclosure set forth in this Item 2.03 is intended to be a summary only and is qualified in its entirety by reference to the Note.


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Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are provided as part of this Form 8-K:





Exhibit
  No.        Description

10.1           Promissory Note, dated May 5, 2023, issued by Direct Selling
             Acquisition Corp. to DSAC Partners LLC.

104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document).

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