GLOBAL TECH INDUSTRIES GROUP, INC. New York, New York 10011 August 23, 2021Letter Agreement Regarding Proposed Business Combination • August 26th, 2021 • Global Tech Industries Group, Inc. • Services-management services • New York
Global Tech Industries Group, Inc., a Nevada corporation (“GTII”), is pleased to inform Mr. Calvin Cao (“Mr. Cao”) of its agreement set forth herein (the “Agreement”) to engage in a merger/business combination, for the best interests of the shareholders of both GTII and We SuperGreen Energy Corp, pursuant to which We SuperGreen Energy Corp (“SuperGreen”) will become a wholly-owned subsidiary of GTII, and the shareholders of SuperGreen (the “SuperGreen Shareholders”) will become the majority shareholders of GTII owning that amount of newly issued common stock of GTII (the “GTII Common Stock”) to be mutually-agreed upon by the parties and memorialized in a stock purchase agreement, subject to the terms and conditions set forth herein. This letter agreement between GTII, SuperGreen and the SuperGreen Shareholders evidences the terms and conditions of the contemplated transactions (the “Transaction”).
