LETTER AGREEMENT GLOBAL TECHNOLOGY INDUSTRIES, INC. March , 2006
March
, 2006
GTI
Holdings, LLC
000
Xxxx
Xxxxxx, Xxxxx 0000
Xxx
Xxxx,
XX 00000
Gentlemen:
This
letter will confirm our agreement that, commencing on the effective date
(“Effective
Date”)
of the
registration statement for the initial public offering (“IPO”)
of the
securities of Global Technology Industries, Inc. (“Company”)
and
continuing until the consummation by the Company of a “Business
Combination”
(as
described in the Company’s IPO prospectus) GTI Holdings, LLC shall make
available to the Company certain limited administrative, technology and
secretarial services, as well as the use of certain limited office space,
as may
be required by the Company from time to time, situated at 000 Xxxx Xxxxxx,
Xxxxx
0000, Xxx Xxxx, XX 00000 (or any successor location). In exchange therefor,
the
Company shall pay GTI Holdings, LLC the sum of $7,500 per month on the Effective
Date and continuing monthly thereafter.
|
Very
truly yours,
|
||
|
GLOBAL
TECHNOLOGY INDUSTRIES,
INC.
|
||
| By: Xxxxxx X. Xxx | ||
| Title: Chief Executive Officer | ||
| AGREED TO AND ACCEPTED BY: | ||
| GTI HOLDINGS, LLC | ||
| By: | ||
| Title: |
