FuelPositive Corporation announced that it has entered into an intellectual property purchase agreement, dated March 26, 2021, with Dr. Ibrahim Dincer and his team for a first-of-its-kind technology to produce ammonia (NH3) – a green fuel – in a zero-emission manner, by utilizing only water, air and electricity. In the near future, FuelPositive will be announcing the details of the commercial scale prototype build of its next-generation carbon-free NH3 systems. The use of NH3 as a fuel can be used across many applications; however, current methods for producing ammonia cause significant amounts of pollution. This breakthrough, requiring only water, air and electricity to produce NH3, demonstrates its value as a cost-effective fuel source for combustion engines and even fuel cells, as well as a source of nitrogen, which accounts for 80% of the world’s demand for ammonia. In consideration for the acquisition of all rights to the technology, the Company has agreed to issue 50,000,000 common shares to Dr. Dincer and his team, of which 35,000,000 will be issuable upon completion of the acquisition and the balance will be issued after twelve months. All common shares issuable in connection with the acquisition will be subject to a four-month-and-one-day statutory hold period from the date of issuance.