Southport Lane Inc. acquired Global Condiments, Inc. (OTCBB:GCNT) in a reverse merger transaction on December 31, 2013. Global Condiments, Inc. issued a total of 48.9 million shares of common stock, representing approximately 97.74% of the outstanding shares, leading to a change in control. Global Condiments, Inc. also cancelled a total of 6.5 million shares in connection with the Transfer and Assumption agreement.

Charles Herlocher resigned as President, Chief Executive Officer, Chief Financial Officer and sole member of the Board of Directors of Global Condiments, Inc., prior to his resignation, Alexander Burns is appointed as Chief Executive Officer and a member of the Board of Directors. The Board also appointed Andrew Scherr as our Chief Operating Officer and Treasurer, Robert Yingling as our Chief Financial Officer, Glenn Weber as our Executive Vice President, and Darren Fortunato as our Corporate Secretary. The Board of Directors of Southport Lane Inc. and Global Condiments approved the deal.

Southport Lane Inc. completed the acquisition of Global Condiments, Inc. (OTCBB:GCNT) in a reverse merger transaction on December 31, 2013.