LICENSE AGREEMENT AND INVESTMENT (Tables)

6 Months Ended

Jun. 30, 2016

License Agreement And Investment Tables

License agreement and investment

On March 31, 2015, the Company and TAUG entered into a non-exclusive license agreement, whereby TAUG will provide CBD oil cartridges to be used in the Breathe eCigs Corp. e-cigarette.  In accordance with the agreement, TAUG was to receive a royalty of 50% of the net revenues associated with the sale of specified list of products listed in the agreement.  In addition, there was a share swap between TAUG and the Company to equate to $100,000.  The Company issued 26,667 shares at $3.75 for the commercialization of the products.  TAUG issued 10,869,565 shares of its stock to acquire the license agreement (investment).

Description	Amount
Stock issued	$	100,000
Total	$	100,000
Less: Management impairment valuation		100,000
Net June 30, 2016 and December 31, 2015 balances	$	-
Issued 26,667 shares of Company common stock		26,667
at $1.00 per share.	$	3.75
Share value	$	100,000
Less: Management impairment valuation	$	100,000
Net June 30, 2016 and December 31, 2015 balances	$	-