Sunday, November 22, 2020 2:20:46 PM
Item 1.01 Entry Into A Material Definitive Agreement
Per the SEC statutes: (a) If the registrant has entered into a material definitive agreement not made in the ordinary course of business of the registrant, or into any amendment of such agreement that is material to the registrant, disclose the following information:
On October 30, 2020 the Company (OPTEC) entered into a definitive agreement with an International Commodities Consortium for the supply and distribution of Specific Brands of Personal Protection Equipment (PPE) for Medical & Hospital use throughout North America, totaling in excess of Two Billion Dollars $US. The agreement has been fully executed by the Company and the buyer, along with proof of bank certified funds, in excess of $2 Billion Dollars US, to complete the transaction.
The company (OPTEC) has already sourced and secured the products for the entire agreement, along with coordinating the logistics portion of the agreement. The product distribution is expected to be fully completed by December 2020.
https://www.sec.gov/Archives/edgar/data/1557340/000107997320000919/optec_8k.htm
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