Replies to post #18528 on Gold River Productions Inc (GRPS)

[ChannelTrader]

NOTE 5 - LONG-TERM LIABILITIES - CONTINUED

In August of 2014, the Company entered into a promissory note with RLS Premiere
Financial, LLC (RLS). The note is for $30,000 for a period of 1 year and at the end of
that year, at the discretion of RLS, the Company will convert the note payable to
common shares totaling 30,000,000 shares at a value of $.0001 per share. On April 15,
2015, an addendum was signed providing the Company an additional $5,000 that will
be due on April 15, 2016 that is also convertible to common share in the same manner
as the original loan.