Nate's Food Company (NHMD)

[RZB]

On July 15, 2015, the Company received financing in the amount of $80,000 from Typenex Co-Investment, LLC. On July 8, 2016, the Company made a payment of 50% of the balance then due in the amount of $57,000.00, and entered into a Forbearance Agreement with Typenex regarding conversion of the balance of $57,000.00 debt into Shares of Common Stock at an agreed upon discount and frequency of conversions. On October 11, 2016, Typenex submitted its’ final conversion request for the balance owed in the amount of $24,125.48, converted into 10,901,708 shares common. The balance now due on the Typenex note is $0.00 , and the Company has now paid off all four of our original convertible debt instruments in full.