Pharmacokinetic Study Comparing Nicotine Delivery From E-cigarettes and a Conventional Cigarette in Healthy Subjects

Inclusion Criteria:

1. Prior to study start, subjects must be daily users of newer generation e-cigarette
devices which they have used regularly for a minimum of three months. The solutions
used in their e-cigarettes must contain nicotine. Subjects must also be occasional
smokers of combustible cigarettes (lower limit of 1 cigarette per month; upper limit
of 5 cigarettes per week). Product use status will be confirmed with a urinary
cotinine level of ≥200ng/ml (determined using NicAlert cotinine test kit) at
screening.

2. Subjects will be males or non-pregnant, non-lactating females, and between 21 and 55
years of age inclusive. Age verification will be performed by checking of Federal or
state-issued ID (e.g. passport or driving licence) during screening.

3. Women of child-bearing potential should be using one of the following acceptable
methods of contraception : combined (oestrogen and progestogen containing) oral,
intravaginal or transdermal hormonal contraception associated with inhibition of
ovulation; progestogen-only hormonal contraception, either oral, injected or
implanted, associated with inhibition of ovulation; progestogen-only oral hormonal
contraception where inhibition of ovulation is not the primary mode of action;
intrauterine device (IUD); intrauterine hormone-releasing system (IUS); bilateral
tubal occlusion; male or female condom with or without spermicide; cap, diaphragm or
sponge with spermicide.

4. Women of non-childbearing potential may be included if they are either surgically
sterile (hysterectomy and/or oophorectomy) or postmenopausal for more than 1 year and
must have a negative urine pregnancy test result during screening. Women who are
surgically sterile must provide documentation of the procedure by an operative
report.

5. Male subjects must use an approved method of birth control during the entire study.
These subjects must not donate sperm during this time.

6. Subjects must be in good health as determined by medical history, vital signs, blood
biochemistry, haematology, urinalysis and physical examination.

7. Subjects must have a body mass index (BMI) between 18 and 30 kg/m2 inclusive. Male
subjects must have a weight between 60 and 120kg and female subjects between 50 and
100kg.

8. No clinically significant abnormalities in blood pressure values.

9. Subjects will have negative results for the urinary drug of abuse screening and
ethanol test.

10. Subjects will have given their written informed consent to participate in the study
and to abide by the study restrictions.

To be confirmed during each clinic visit:

1. Abstinence from tobacco and nicotine products will be confirmed by an exhaled breath CO
reading <10ppm.

Exclusion Criteria:

1. Subjects who have a history of, or clinically active significant, neurological,
gastrointestinal, renal, hepatic, cardiovascular, psychiatric, respiratory,
metabolic, endocrine, haematological disease or other major disorders.

2. Subjects with significant allergies who in the opinion of the Principal Investigator
should not be included.

3. Subjects who have been diagnosed with urticaria (hives) or asthma.

4. Persons who have a history of urticaria (hives) in response to any product.

5. Subjects with a recent history of or current drug or alcohol abuse who in the opinion
of the Investigator should not be included. Excessive intake of alcohol within the
last 6 months, defined as a regular maximum weekly intake of greater than 7 drinks
for women or 14 drinks for men. One drink is defined as one pint of regular beer (5%
alcohol), 200 ml of wine (12% alcohol), or 25 ml of distilled spirits (40% alcohol).

6. Subjects with an inability to communicate well with the Investigator/study staff
(i.e., language problem, poor mental development or impaired cerebral function).

7. Subjects who are participating in another clinical research study or who have
participated in a clinical research study in the last 3 months.

8. Subjects who have had treatment with prescription medications within 21 days or
over-the-counter medication within 24 hours of the planned first product use
occasion, except for those stated in the Inclusion Criteria. For all subjects,
prescribed use of blood pressure (beta blockers) and lipid lowering (statin)
medications are permitted.

9. Subjects who have used any drugs or substances (except tobacco) known to be strong
inducers or inhibitors of any CYP enzymes (formerly known as cytochrome P450 enzymes)
within a 28 days period prior to first product administration. For a list of such
drugs and substances, please refer to
http://medicine.iupui.edu/clinpharm/ddis/main-table/.

10. Subjects who have had any treatment with smoking cessation medications (e.g.
Bupropion, Chantix or any NRT) within 30 days of the planned first product use
occasion.

11. Subjects with any other clinically significant medical history, in the Investigator's
opinion, including conditions which might affect drug absorption, metabolism or
excretion.

12. Female subjects, who are pregnant or become pregnant during the course of the study.

13. Subjects who have lost or donated more than 450ml of blood within the 3 months
preceding the first product administration.

14. Subjects who are currently trying to stop smoking or to stop using e-cigarettes, or
considering stopping in the next two months.

15. Subjects who are unwilling or unable to comply with the study requirements.

16. Subjects who in the opinion of the Investigator should not participate in the study
for any other reason.

To be re-confirmed during each clinic visit:

1. Subject continues to meet all screening exclusion criteria.

2. Receipt of any medication since screening visit that may have an impact on the safety
and objectives of the study (at the Principal Investigator's discretion).