V Beverages Ltd. entered into a letter of intent to acquire Momentous Holdings Corp. (OTCPK:MMNT) in a reverse merger transaction on August 31, 2018. The purchase price for V Beverages Ltd. is 2.25 million shares of Momentous Holdings. V Beverages Ltd. entered into an agreement to acquire Momentous Holdings Corp. in a reverse merger transaction on December 31, 2018. Under the terms of the agreement, Momentous Holdings will issue its 15.75 million shares as consideration. The transaction is subject to the execution and delivery of definitive agreement, the completion of all due diligence related to the business, third party approvals, and all approvals, authorizations, consents, permits and licenses from governmental and regulatory bodies required for the transaction. On December 31, 2018, the Board of Directors of Momentous Holdings approved the transaction. The closing of the transaction is expected to occur no later than September 30, 2018. As of October 15, 2018, transaction is expected to close by the end of October 2018. Booth Udall Fuller, PLC acted as legal advisor for Momentous Holdings.