Good Vibrations Shoes Inc (GVSI)

[AUDACIOUSWON]

Interesting note 5 in the filings here. A conversion price of .0001? Wow...

NOTE 5
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CONVERTIBLE PROMISSORY NOTES

On October 31, 2009 the Company issued a Convertible promissory note to Pacific Park Investments (the Lender) in return
for checks and invoices paid totaling $299,940.00. The note was to be paid infull on by October 3, 2010 and due to the short-term nature of the note it carries a zero interest rate. The holders may at its election convert all or part of this note
into shares of the Company's common stock at a fixed predetermined discounted conversion rate determined at the
commitment date. The notes have matured during the year and are considered in default by the Lender.

On June 16th, 2013, Pacific Park Investments (the Lender), assigned one half of the convertible note to Eastlight
Enterprises, Inc. and one half of the note to Globe Idol Capital, Inc. On July 1, 2013 Eastlight Enterprises, Inc. was issued a new convertible promissory note by the company for $17,500 in exchange
for a $17,500 cash loan. Globe Idol Capital, Inc. was also issued
a convertible promissory note in the same amount for an identical cash loan, and both notes hold a conversion price of .0001 due to the high amount of risk and lack of a public market that existed at the time the note was issued.