Intangible Assets - Short Term Note and Royal Bees Stock (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Intangible Assets - Short Term Note and Royal Bees Stock

Intangible Assets – Short Term Note and Royal Bees Stock

As part of the Share Exchange Agreement with Royal Bees, the Company inherited a short term note for $145, 000 payable in cash no later than May 28, 2015; the annual interest is 6% and is payable at the same time the note is retired, with  interest accrued monthly.  The Company sent a letter to World Ventures in June 2015 requesting an extension of the loan to June 30, 2016, with the provision that if the Company did not get a response in writing by July 31, 2015, it is the understanding of Fitweiser Holdings that the loan is extended until June 30, 2016; no response was received as of July 31, 2015.

The Company has the option to satisfy the $145, 000 payable with 725,000 shares ($0.20 per share) of post-Merger common stock of the Company.

As part of the Share Exchange Agreement with Royal Bees, the Company received 10,855,000 shares of Royal Bees stock which is valued at $0.001per share.