On December 9, 2016, AfterMaster, Inc. entered into a Consulting and License Agreement with ICON Health & Fitness, Inc., pursuant to which the company would act as audio technology development consultant to develop an Aftermaster based sound module for use or integration with ICON’s exercise equipment and provide audio tuning services to provide improved sound quality for ICON’s audio enabled equipment, and pursuant to which ICON would pay the company a per module fee and receive a license from the company to use or sell the modules and use the software relating to each module.