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INTANGIBLE ASSETS
12 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
6. INTANGIBLE ASSETS

On December 12, 2017, the Company issued 75,000,000 shares of its common stock to De Lassalle Ltd. as consideration for Gain First to acquire an agency agreement for exclusive rights to distribute De Lassalle’s wine products in the South East Asia region. The exclusive agreement was valued at $10,000, the same value as the exclusive right acquired noted above in Note 5. Asset Acquisition.

 

No amortization has been recorded on these assets as yet. The Company is in the process of determining their useful life.