ID Perfumes, Inc. acquired Gigantic Parfums, Llc from IZJD Corp., Rudford Hamon, Isaac Lekach, Paul Farago and Robin Schwanz on July 11, 2013. ID Perfumes will issue 0.3 million shares of common stock on the basis of approximately one ID Perfumes share for every 2.4 Gigantic share as consideration. Isaac Lekach holds 0.41% stake, Rudford Hamon holds 4.12% stake, Paul Farago holds 1.65% stake and Robin Schwanz holds 1.23% stake in Gigantic. The transaction has been approved by 97% of the outstanding membership interests of Gigantic. The transaction is subject to due diligence investigation by ID Perfumes and Gigantic and within 75 days of closing of the transaction Gigantic must deliver to ID Perfumes the Gigantic audited financial statements. If Gigantic cannot deliver the required financial statements, ID Perfumes reserves the right to rescind the purchase agreement in its sole and absolute discretion.

ID Perfumes, Inc. completed the acquisition of Gigantic Parfums, Llc from IZJD Corp., Rudford Hamon, Isaac Lekach, Paul Farago and Robin Schwanz on July 11, 2013.

ID Perfumes, Inc. cancelled the acquisition of Gigantic Parfums, Llc from IZJD Corp., Rudford Hamon, Isaac Lekach, Paul Farago and Robin Schwanz on September 23, 2013. ID Perfumes, Inc. entered into a rescission agreement with Gigantic Parfums Inc., as per the agreement, the terms and conditions as set forth in the share exchange agreement shall be deemed fully rescinded and the respective benefits, liabilities or obligations imposed under the share exchange agreement shall be cancelled and made void.