On June 4, 2018, Optec International, Inc. entered into 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 Canada. Consideration was paid for the licensing right in the form of one million five hundred thousand shares of the company’s common shares which were authorized to be issued to Optimized Fuel Technologies; in addition to five hundred thousand dollars to be paid over the course of 24 months from the date herein; of which the company has paid $109,000.