Item 1.01 Entry into a Material Definitive Agreement.
On
Global Technology may draw upon the Credit Line between
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 Maximum Mortgage Contract. The Credit Line contains rights and obligations, representations and warranties, and events of default applicable to Global Technology that are customary for agreements of this type.
The foregoing description of the Credit Line does not purport to be a complete statement of the parties' rights and obligations under the agreements and is qualified in its entirety by reference to the full text of the English translations of the Maximum Loan Contract and Maximum Mortgage Contract which are attached as Exhibit 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated by reference herein.
Item 1.02 Termination of a Material Definitive Agreement.
The information as set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into Item 1.02.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information as set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits 10.1 Translation of the Maximum Loan Contract, betweenGlobal Technology, Inc. and China Zheshang Bank Co., Ltd, datedJanuary 6, 2021 . 10.2 Translation of the Maximum Mortgage Contract, betweenGlobal Technology, Inc. and China Zheshang Bank Co., Ltd, datedJanuary 6, 2021 . 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document). 2
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