Item 2.03    Creation of Direct Financial Obligation or an Obligation under an
             Off-Balance Sheet Arrangement of a Registrant.

On June 22, 2020, GBT Technologies Inc. (the "Company") received a $150,000 loan from the Small Business Administration ("SBA") under the Economic Injury Disaster Loan ("EIDL") program related to the COVID-19 relief efforts in consideration of a note dated June 16, 2020 (the "Original Note"). The Original Note bears interest at 3.75% per annum, requires monthly principal and interest payments of $731 after 12 months from funding and is due 30 years from the date of issuance of the Original Note. The monthly payments have been extended by the SBA to all EIDL borrowers with additional 12 months. Monthly payments will be commenced on or around June 16, 2022.

On October 1, 2021, the Company entered an Amended Loan Authorization and Agreement with the SBA providing for the modification of the Original Note providing for monthly principal and interest payments of $1,771 after 24 months from the Original Note commencing on or around June 22, 2022. The Modified Note will continue to bear interest at 3.75% per annum and is due 30 years from the date of issuance of the Original Note.

The Modified Note is guaranteed by Douglas Davis, the former CEO of the Company and current consultant, as well as by GBT Tokenize Corp which controls the Company and own 800 million shares of common stock of the Company.

The additional funding of $200,000 was received by the Company on October 5, 2021.

Item 9.01 Financial Statements and Exhibits.





Exhibit Number     Description
4.1                  Amended Loan Authorization and Agreement between GBT
                   Technologies Inc. and U.S. Small Business Administration
                   dated October 1, 2021




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