HPIL Holding announced that it has entered into a brand license agreement with World Traditional Fudokan Shotokan Karate-Do Federation. Under the Agreement, HPIL Holding acquired an exclusive, worldwide, transferrable license covering the World Traditional Fudokan Shotokan Karate-Do Federation's brand and trademarks and the rights for worldwide production, distribution and sale of certain clothing, accessories and sporting goods, including basic sporting equipment and additional sporting merchandise, bearing the World Traditional Fudokan Shotokan Karate-Do Federation brand and trademarks. The term of the Agreement is for twenty-five (25) years, commencing on January 1, 2018 and continuing until December 31, 2042, unless terminated earlier by either party.

The Agreement will automatically renew for successive twenty-five (25) year terms unless and until either party provides notice of non-renewal or terminates the Agreement pursuant to the terms of the same. As a result of the Agreement, HPIL Holding expects to provide clothing, accessories and sporting goods, including basic sporting equipment and additional sporting merchandise to the members and individuals of the World Traditional Fudokan Shotokan Karate-Do Federation. HPIL Holding also intends to market the clothing, accessories and sporting goods to other target consumers worldwide.