Replies to post #10908 on Optec International Inc (OPTI)

[DCorleone]

Still RESEARCHING OPTI Related Party Transactions and "DEALS"... Including Marcus Pawson. CEO been affiliated with many Shady Characters...GLTU


Related parties
We entered into an agreement with our President, Peter Sollenne, for a salary to be paid in the amount of $3,000 per month.

On June 4, 2018 the Company entered into an Exclusive Licensing Agreement with Optimized Fuel Technologies for the right to exclusively distribute and sell the
Optimized Fuel Maximizer internationally, with the exception of the United States and Canada. Consideration of $501,500 was paid for the licensing right in the form of
one million five hundred thousand (1,500,000) shares of the Company’s common shares valued at $.001 per share which were authorized to be issued to Optimized Fuel
Technologies; in addition to five hundred thousand dollars ($500,000) to be paid over the course of 24 months from the date herein; of which the Company has paid
$109,000.

June 20, 2018 the Company entered into an Exclusive Licensing Agreement Addendum with Optimized Fuel Technologies for the right to exclusively sell the
Optimized Fuel Maximizer worldwide. On June 4, 2018, the Company had entered into an Exclusive Licensing Agreement with Optimized Fuel Technologies for the
right to exclusively sell the Optimized Fuel Maximizer internationally, with the exception of the United States and Canada; this agreement extends exclusive marketing
right to include North America and Canada. Consideration of $1,000 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 valued at $.001 per share which were authorized to be issued to Optimized Fuel Technologies.

On August 8, 2018 Optimized Fuel Technologies, a related party, entered into a contract with a company that desired to purchase the Optimized Fuel Maximizer on a
manufacturer direct basis. As the Company owns the exclusive licensing rights to sales of the Optimized Fuel Maximizer; per the Royalty agreement dated August 27,
2018 the Company agreed to the acceptance of royalty revenue generated by sales which are made on a manufacturer direct basis.
On May 1, 2018 the Company entered an office lease to sublet warehouse and office space from Optimized Fuel Technologies, a related party. The term of the lease
is for 13 months at a monthly rent of $2,500 per month