On June 13, 2018 9 (effective date), Inbit Corp. (INBT) entered into a Distribution Agreement with IRBN Sdn Bhd, pursuant to which IRBN granted INBT a non-exclusive right to distribute products of IRBN in the United States and other countries in North America for a period of two years from effective date and an option to renew for further terms thereafter subject to terms and conditions to be agreed upon by both parties.