Baristas Coffee Company/Munchie Magic has reached a technology/software license and development agreement with ReelTime Media. The licensing agreement secures Munchie Magic global perpetual exclusive access to use the technology and methodologies developed by ReelTime that allow the virtual restaurants to integrate with its partners, onboarding, marketing, and administrative functions for use with the Munchie Magic Virtual Restaurant or other convenience store delivery concepts. The agreement also allows for Munchie Magic to develop in concert with ReelTime or independently, derivatives and/or stand-alone methodologies. In exchange for the global perpetual exclusive license from ReelTime for the Munchie Magic concept and convenience store derivative Virtual Restaurants, ReelTime will receive a per transaction license fee of $0.35 in perpetuity in conjunction with the terms of the agreement beginning on January 1, 2021. ReelTime will continue to develop and support Munchie Magic on an ongoing basis under their current work for hire agreement. ReelTime maintains all rights and derivative works for non-Munchie Magic or convenience store applications.