Gourmet Provisions Intl Corp (GMPR)

[meidiot]

Copper Hunter ! Who is correct ?

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 June 30, 2017 is $495,000. The
See Notes to Financial Statements 4
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.