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Note 8 - Subsequent Events
12 Months Ended
Jun. 30, 2015
Notes  
Note 8 - Subsequent Events

NOTE 8  SUBSEQUENT EVENTS

On August 3, 2015, the Company entered in a Consulting Agreement (the “Agreement”) to receive services relating to the marketing of the Company’s products in social media.  The compensation to be paid to the Consultant will consist of 200,000,000 shares of common stock, to be registered in a Form S-8 with the Securities and Exchange Commission on August 13, 2015, in accordance with the Agreement.

In August 2015, the Company’s Board authorized the creation of a series of preferred stock consisting of 1,000,000 shares designated as Series A Convertible Preferred Stock, which is entitled to a dividend of 4%, when and as declared, and is entitled to a liquidation preference of $1 per share plus unpaid dividends.

In August 2015, the Company issued $500,000 shares of its Series A Convertible Preferred Stock to the lessor of its premises, in satisfaction of $480,000 in accrued rent (see Note 4) and $20,000 as a tenant deposit. The Company intends to issue 40,000 shares of Series A Convertible Preferred Stock to the lessor each month in rent.

In August 2015, the lessor of the Company’s premises, which is also a related party, loaned $500,000 to Crown Laboratory.