Iconic Brands Inc (ICNB)

[Whiplash_Investor]

And here is the text of Note 6:

Page 18, note 6: INVESTMENTS

On July 29, 2016, 0034 BC entered into an agreement that granted it the right to acquire an interest up to 15% in BiVi LLC, and up to a 15% interest in Bellissima LLC, for USD $500,000 cash. As at July 31, 2017, 0034 BC owns an 8% interest in each of BiVi LLC, and Bellissima LLC.

As at July 31, 2017, the Company’s investments in BiVi LLC and Bellissima LLC were valued at $nil (Note 4).

The investments in BiVi LLC and Bellissima LLC, has been determined to be a Level 3 valuation of the fair value measurement hierarchy, as BiVi LLC and Bellissima LLC are privately held companies with no active public market for its equity and no observable inputs.