On May 24, 2024, Global Technology, Inc. entered into a five-year revolving credit line agreement, totaling RMB 170,000,000 (the ?Credit Line?) and a mortgage contract security agreement (the ?Security Agreement?), with Shanghai Pudong Development Bank Co. Ltd., in Ningbo City, China (the ?Bank?). Borrowing under the Credit Line will be used for general corporate and capital investment purposes.

Global Technology may draw upon the Credit Line on an as-needed basis between May 24, 2024 and May 24, 2029. However, the Bank has the right to unilaterally revoke the Credit Line, at any time, without prior notice, based on changes in law, regulations, policies, or restrictions imposed by the government; or market conditions, including the Bank's own business needs, or changes in Global Technology?s credit status or financial and operational condition. Interest on each draw will be negotiated by the Bank and Global Technology, and stated in the specific loan documents executed at the time of each draw.

Global Technology?s obligations under the Credit Line will be secured by real property owned by Global Technology and mortgaged to the Bank under the terms of the Security Agreement. The Credit Line and Security Agreement also contain rights and obligations, representations and warranties, and events of default applicable to Global Technology that are customary for agreements of this type.