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Increased Loan Facility to $1,532,974 as a result SYNTHESIS PEER-TO-PEER INCOME FUND advancing $240,251 to Sky Pharm

On September 13, 2016, Sky Pharm S.A., a wholly owned subsidiary of Cosmos Holdings Inc., entered into a First Deed of Amendment to Loan Facility Agreement dated as of August 4, 2016 and guaranteed by Grigorios Siokas, with Synthesis Peer-To Peer-Income Fund. The Loan Facility provided Sky Pharm with a credit facility of up to $1,292,769. The Amendment increased the Loan Facility to $1,532,974 as a result of the Lender having advanced $240,251 to Sky Pharm. The advance was treated as an increase in the maximum funding amount. As of the date hereof, the Company has taken an advance of $1,532,974.

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