Item 1.01 Entry into a Material Definitive Agreement

On August 29th, 2022, the joint venture between Inventel Products LLC and Authentic Heroes, Inc., known as "Old is Gold" received a purchase order for $800,000 from the company known as "Best of As Seen On TV" of Westchester, PA. The order is for 40,000 units at $20.00 per unit of the "Old is Gold Christmas" vinyl album with a delivery date in mid-October. The order will be accounted for as "Deferred Revenue" for the 3rd quarter reporting period and will convert to "Recognized Revenue" upon the shipping to the customer

Authentic Heroes is a majority owned subsidiary of Global Fiber Technologies, Inc. and the 51% joint venture partner of "Old is Gold"

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