Tauriga Sciences Inc (fka TAUG)

[rawman]

On December 23, 2016, the Company, entered into a non-exclusive, 12 month, license agreement (the “License Agreement”) with Cleveland, Ohio based cosmetics products firm Ice + Jam LLC (“Ice + Jam”). Under terms of the License Agreement, the Company will market Ice + Jam’s proprietary Cupuacu Butter lip balm, sold under the trademark HERMAN and the two companies will evenly share (“50% / 50%”) any profits through the Company’s marketing, sales, and distribution efforts.

Any "real" business person would be astounded by the conditions of the ICE+JAM agreement!

-- 12-month NON-EXCLUSIVE License Agreement! Is the first 12 months nearly over? What is being "LICENSED"? A distribution agreement is commonly not a license! Since the agreement is "NON-EXCLUSIVE" will ICE+JAM set up additional distribution arrangements? Will ICE+JAM tell TAUG to "go pound sand", when I+J can actually hook-up with someone that actually knows something about the marketing and distribution of cosmetics?

-- the two companies will evenly share ANY profits! Who's keeping the books? Is TAUG purchasing the product from I+J? How will the substantial start-up costs be applied against future revenues?

This "boondoggle", appears to be another one of Seth Shaw's classic debacles! Why didn't ICE+JAM agree to an EXCLUSIVE agreement? Why only ONE YEAR? It's ridiculous!!!