Amendment No. 1 to Revenue Sharing Agreement between Mahaser Ltd and GBT Technologies, Inc.

Summary

Mahaser Ltd and GBT Technologies, Inc. have amended their Revenue Sharing Agreement originally effective March 1, 2022. This amendment extends the timeline for GBT Technologies to deliver payment and shares to Mahaser Ltd. Specifically, once GBT Technologies generates over $1,000,000 in revenue under the agreement, it must pay Mahaser Ltd $100,000 in cash and issue 1,000,000 shares of its common stock, which are unregistered and subject to SEC Rule 144 restrictions.

EX-10.1 2 e3616_ex10-1.htm EXHIBIT 10.1

Exhibit 10.1

AMENDMENT NO. 1 TO THE

REVENUE SHARING AGREEMENT

This AMENDMENT NO. 1 TO THE REVENUE SHARING AGREEMENT is made as of the 16th day of March, 2022, between MAHASER LTD (“Company”) and GBT Technologies, Inc. (“Purchaser”).

WHEREAS, the parties entered into REVENUE SHARING AGREEMENT effective March 1, 2022 (“RSA”).

WHEREAS, the parties desire to amend the RSA to extend the dates for the Purchaser to deliver the consideration set forth in the RSA.

NOW, THEREFORE, the parties agree as follows:

Section 1(a) of the RSA is hereby amended and restated as follows:

(a) Upon the Purchaser generating revenue in excess of $1,000,000 under the RSA, Purchaser shall deliver in cash to Company $100,000 and deliver to Company 1,000,000 shares of GBT Technologies, Inc. common stock which has not been registered and is subject to the SEC Rule 144 holding period.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1 to the Agreement as of the date first above written.

	Mahaser LTD.

	By:
		Name: Mo Jacob, Manager

	GBT Technologies, INC.

	By:
		Name: Mansour Khatib, CEO