Gourmet Provisions Intl Corp (GMPR)

[meidiot]

HERE'S UPZSD OBLIGATION.

Pursuant to the Company’s variable interest entity relationship with a California based restaurant,
the Company incurred a promissory note in the amount of $495,000. The amount payable to the
individual, related through the variable interest entity relationship as the mother of the managing
member of Credo Ventures, LLC who loaned the monies to Credo Ventures, LLC, at December 31,
2017 is $495,000. The promissory note bears interest of 10% per annum, has equal monthly payments
payable of $10,517 over sixty months maturing on October 17, 2020 and the restaurant equipment is
the collateral.