GITS · Global Interactive Technologies, Inc.

Global Interactive Technologies, Inc. has entered into an Equity Purchase Agreement with Hudson Global Ventures, LLC, establishing a committed equity facility that allows the Company to sell up to $18 million of its common stock over a 24-month period. This transaction represents a significant financing arrangement designed to provide the Company with capital flexibility. Under the terms, the Company controls the timing and amount of capital raises by delivering 'Put Notices' to the Investor, subject to minimum and maximum thresholds tied to trading volume.

The pricing mechanism is a key term for investors to monitor: shares will be sold at a discount of approximately 93% of the market price during a specified valuation period. This variable pricing structure, typical of such facilities, can lead to dilution for existing shareholders. To mitigate immediate ownership concentration, the Agreement enforces a strict 4.99% beneficial ownership cap on the Investor. In exchange for the commitment, the Company issued 100,360 initial commitment shares and paid $20,000 to the Investor's legal counsel. The facility's activation is contingent upon the effectiveness of a resale registration statement, which the Company is obligated to file within 60 days. The Agreement also imposes exclusivity restrictions, barring the Company from entering similar financing arrangements without Investor consent for specified periods.