PT Inetindo Infocom entered into a binding term sheet to acquire 5 Apple retail stores from PT Global Teleshop Tbk for AUD 1 million on April 10, 2018. The final amount will be determined by an audit of the inventory at a cut-off date to be determined prior to the handover. A payment, equivalent to approximately AUD 0.095 million has been paid following the execution of the term sheet. The balance of the payment will be made when the retail store leases are transferred and the stores are handed over. Deal will be financed from funds raised from issue of shares up to an amount of AUD 1 million. The transaction and placement of shares are expected to be completed by mid-June 2018.