On June 20, 2018, Optec International, Inc. entered into an Exclusive Licensing Agreement Addendum with Optimized Fuel Technologies for the right to exclusively sell and distribute the Optec Fuel Maximizer worldwide. Previously, on June 4, 2018, the Company entered into an Exclusive International Licensing Agreement with Optimized Fuel Technologies for the right to exclusively sell the Optec Fuel Maximizer internationally, with the exception of the United States and the rest of North America; this agreement extends exclusive marketing rights to include all of North America including the United States. Consideration was paid for the licensing rights under the addendum in the form of one million (1,000,000) shares of the Company’s common shares which were authorized to be issued to Optimized Fuel Technologies.