Document:

Exhibit 10.9

 

BANYAN ACQUISITION SPONSOR LLC 

 

UNIT SUBSCRIPTION AGREEMENT 

 

[   ], 2021

 

[Name of Investor]

[Address]

 

This subscription
agreement (this “Agreement”) sets forth the terms of the agreement between Banyan Acquisition Sponsor LLC, a Delaware
limited liability company (the “Company”), and the undersigned entity(ies) ( “Subscriber,” it being
understood that to the extent that there is more than one Subscriber party hereto, references to Subscriber shall be deemed to refer to
each related Subscriber hereto, severally and not jointly)1.
The Company is the sponsor of Banyan Acquisition Corporation, a Delaware corporation (the “SPAC”), which is a blank
check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses (a “Business Combination”), which intends to register its
securities under the Securities Act of 1933, as amended (the “Securities Act”), in connection with its initial public
offering (“IPO”).

 

Subscriber hereby (i)
commits to pay [$1,875.00 // $937.50] in the aggregate to the Company for an allocation of [187,500 // 93,750] Class X Units of the
Company (the “Class X Units”) in the aggregate, representing a purchase price of $0.01 per Class X Unit,
corresponding to an interest in [187,500 // 93,750] shares of Class B common stock of the SPAC owned by the Company in the aggregate
(including the Class A common stock of the SPAC into which such Class B common stock is convertible or converted, the
 “Founder Shares”) and (ii) expresses an interest to purchase a number of units of the SPAC that are sold to the
public in the IPO, each unit consisting of one share of Class A common stock and one-third of one redeemable warrant (with each
whole warrant exercisable to purchase one share of Class A common stock of the SPAC for a price of $11.50 per share), equal to
[9.90% //4.95%] of the total number of such units sold in the IPO in the aggregate (not including any units sold by virtue of the
underwriters’ exercise of their over-allotment option) (the “Purchased Public Units”). The Class X Units to
be issued pursuant hereto shall be allocated to the Subscriber as set forth on the signature pages hereto, and such Class X Units
shall be issued pursuant to and subject to the terms and conditions of the Amended and Restated Limited Liability Company Agreement
of the Company (the “LLC Agreement”). Notwithstanding the foregoing, in the event Subscriber purchases a number
of Purchased Public Units less than [9.90% //4.95%] of the total units sold in the IPO (not including any units sold by virtue of
the underwriters’ exercise of their over-allotment option) then (i) the allocation of Class X Units and Founder Shares to
Subscriber set forth in the preceding sentence shall be reduced to zero (0) and (ii) the Company shall promptly refund any purchase
price for the Class X Units previously funded by Subscriber to the Company, except in each case, if the Subscriber purchases a
number of Purchased Public Units less than [9.90% //4.95%] of the total units sold in the IPO (not including any units sold by
virtue of the underwriters’ exercise of their over-allotment option) as a result of Subscriber’s not being offered or
allocated the full number of Public Units as set forth in a firm order that is submitted by Subscriber and maintained through the
closing date of the IPO or otherwise as a result of a cutback in respect of the Subscriber by the Company or the underwriter of the
IPO. For the avoidance of doubt, the terms set forth above assume a base IPO offering size of $300,000,000 in aggregate amount of
units (not including any units sold by virtue of the underwriters’ exercise of their over-allotment option) with the terms and
conditions (including the number of Founder Shares to be held by the Company) set forth in the Registration Statement (as defined
below); provided that, notwithstanding anything to the contrary herein (i) if the base offering size exceeds $300,000,000 in
aggregate amount of units (not including any units sold by virtue of the underwriters’ exercise of their over-allotment
option) then the Subscriber’s expression of interest set forth in this paragraph shall be limited to a number of Purchased
Public Units equal to [9.90% //4.95%] of $300,000,000 and (ii) if the base offering size is less than $300,000,000 in aggregate
amount of units (not including any units sold by virtue of the underwriters’ exercise of their over-allotment option), then
the Subscriber’s expression of interest set forth in this paragraph shall be equal to [9.90% //4.95%] of such reduced base
offering size and the number allocation of Class X Units and Founder Shares to Subscriber shall be proportionately reduced.
Furthermore, under no circumstances shall the Subscriber be required to purchase more than 2,970,000 units in the IPO (9.90% of
30,000,000 units) without first having the opportunity to purchase additional Class X Units at the same price as detailed herein in
a proportional manner to any IPO order greater than 2,970,000 units.

 

 

 1
[Note: Individual agreements may include one or more Subscriber’s and/or separate entities providing an Indication
of Interest.]

 

    1 

     

    

 

Subscriber will
fund the maximum purchase price of the Class X Units ([$1,875.00 // $937.50]) to the Company on the closing date of the IPO and the issuance
of the Class X Units contemplated hereby shall be consummated immediately prior to the closing of the IPO. The Class X Units and the Founder
Shares do not participate in the trust fund (“Trust Fund”) established by the SPAC for the benefit of its public shareholders
as described in the SPAC’s registration statement on Form S-1 to be filed in connection with its IPO (the “Registration
Statement”), and in the event the SPAC does not consummate an initial Business Combination, the Founder Shares will expire worthless.
The Company will retain voting and dispositive power over Subscriber’s Founder Shares until the consummation of the initial Business
Combination, following which time the Company will distribute to Subscriber such Founder Shares (subject to applicable lock-up restrictions)
or, if applicable, the proceeds of any sale thereof. If the SPAC does not consummate the IPO, any portion of the aggregate purchase price
for the Class X Units already funded will be returned to Subscriber, without interest.

 

Subscriber agrees
that, in consideration of the subscription for Class X Units as contemplated hereby, it does not have any right, title, interest or claim
of any kind in or to any monies of the Trust Fund (“Claim”) and hereby waives any Claim it may have in the future against
the Trust Fund and will not seek recourse against the Trust Fund for any reason whatsoever, in each case relating to or arising from the
subscription for Class X Units (and the underlying Founder Shares) contemplated hereby. Notwithstanding the foregoing, Subscriber may
participate in distributions and exercise redemption rights and otherwise have all other rights afforded to holders of the Class A common
stock, with respect to any units or shares of Class A common stock of the SPAC purchased directly by Subscriber in the IPO or in the open
market.

 

The Company acknowledges
and agrees that, as a condition to the closing of Subscriber’s subscription hereunder, it has not, as of the date hereof, and shall
not, as of the date of such closing have: (i) allocated greater than 187,500 Class X Units to any other third party investor that has
expressed an interest in participating in the IPO or (ii) agreed to issue Class X Units or Founders Shares to any other third party investor
that has expressed an interest in participating in the IPO on more favorable terms or otherwise afforded any other third party investor
that has expressed an interest in participating in the IPO any rights in respect thereof that would economically benefit such third party,
unless such terms or rights have also be offered to Subscriber, provided that the foregoing shall not apply with respect to any investor
that participates in the at-risk capital of the Company or otherwise pay more than a de minimis amount in connection with an investment
in the Company.

 

The Founder Shares
underlying the Class X Units allocated to the Subscriber will be identical to the shares of Class A common stock included in the units
to be sold to the public by the SPAC in the IPO, except that:

 

		·	prior to a Business Combination, only holders of the SPAC’s Class B common stock have the right to vote on the election
of directors, and holders of a majority of the SPAC’s outstanding shares of Class B common stock may remove a member of the board
of directors for any reason;

 

    2 

     

    

 

		·	the Founder Shares are subject to certain transfer restrictions contained in a letter agreement that
                                                                                                               the SPAC’s initial stockholders, directors, officers and special advisor will enter into, severally and not jointly, with the
                                                                                                               SPAC, as more fully described in the Registration Statement;

 

		·	the SPAC’s amended and restated certificate of incorporation provides that only public shares and
                                                                                                               not any Founder Shares are entitled to redemption rights, and further, the SPAC’s initial stockholders, directors, officers
                                                                                                               and special advisor have agreed with the SPAC to waive: (1) their redemption rights with respect to any Founder Shares and public
                                                                                                               shares held by them, as applicable, in connection with the completion of the a Business Combination; (2) their redemption rights
                                                                                                               with respect to any Founder Shares and public shares held by them in connection with a stockholder vote to amend the SPAC’s
                                                                                                               amended and restated certificate of incorporation (A) to modify the substance or timing of the SPAC’s obligation to allow
                                                                                                               redemption in connection with a Business Combination or to redeem 100% of the SPAC’s public shares if the SPAC does not
                                                                                                               complete a Business Combination within 24 months from the closing of the IPO or (B) with respect to any other provision relating to
                                                                                                               stockholders’ rights or pre-initial Business Combination activity; and (3) their rights to liquidating distributions from the
                                                                                                               trust account with respect to any Founder Shares they hold if the SPAC fails to complete a Business Combination within 24 months
                                                                                                               from the closing of the IPO or during any extended time that the SPAC has to consummate a Business Combination beyond 24 months as a
                                                                                                               result of a stockholder vote to amend the SPAC’s amended and restated certificate of incorporation (an “Extension
                                                                                                               Period”) (although they will be entitled to liquidating distributions from the trust account with respect to any public
                                                                                                               shares they hold if the SPAC fails to complete a Business Combination within the prescribed time frame);

 

		·	the shares of Class B common stock will automatically convert into shares of the SPAC’s Class A
common stock at the time of a Business Combination, or earlier at the option of the Company, on a one-for-one basis, subject to potential
adjustment pursuant to certain anti-dilution rights; and

 

		·	the Founder Shares are entitled to certain registration rights.

 

The Company and
the Subscriber agree that the Company may not agree, in connection with a Business Combination, to forfeit, transfer, exchange or amend
the terms of all or any portion of the Class X Units issued to the Subscriber (or the underlying Founder Shares) or enter into any other
arrangements with respect to such Class X Units or Founder Shares, including, without limitation, the transfer of membership interests
of the Company representing an interest in such Class X Units or Founder Shares, and/or subjecting such Class X Units or Founder Shares
to share price vesting triggers commonly known as “earn outs,” in a manner that is adverse to the Subscriber without the consent
of the Subscriber; provided, however, Subscriber shall be bound by the terms of the Lock-up (described below) and the waiver of an any
anti-dilution protections or other similar rights by the Company or the SPAC with respect to the Founder Shares. For the avoidance of
doubt except to the extent expressly provided herein, the number of Class X Units issued to the Subscriber shall not be subject to dilution,
cut-back or reduction by repurchase, redemption or forfeiture for any reason, including (i) transfer of Founder Shares to any person,
(ii) downsizing of the IPO, (iii) failure of the underwriters to exercise their overallotment option or (iv) any future issuance of securities
by the Sponsor.

 

    3 

     

    

 

The Company and the
SPAC shall disclose the material terms hereof in the SPAC’s Registration Statement, other filings with the Securities and
Exchange Commission (the “SEC”) or any press release of the SPAC; however, the SPAC shall not disclose the name
of the Subscriber in the Registration Statement, other filings with the SEC or any press release of the SPAC unless consented to by
the Subscriber or requested or required by the SEC.

 

Subscriber acknowledges
and agrees that it will execute agreements in forms similar to those used in other transactions of this nature necessary to effectuate
the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably acceptable to Subscriber, including but
not limited to (i) a registration rights agreement and (ii) the LLC Agreement. Subscriber further acknowledges and agrees that it has
reviewed the LLC Agreement and agrees to be subject to and bound by the terms thereof. The Subscriber agrees to execute such further instruments
and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

 

The Company hereby represents
and warrants to the Subscriber, as of the date hereof and as of the closing date of the subscription hereunder, that:

 

		(a)	it is duly organized and validly existing as a limited liability company in good standing under the laws
of Delaware;

 

		(b)	it has the requisite limited liability company power and authority to enter into and perform its obligations
under this Agreement and to issue the Class X Units in accordance with the terms hereof;

 

		(c)	the execution, delivery and performance of this Agreement by the Company and the consummation by it of
the transactions contemplated hereby have been duly authorized by all necessary limited liability company action and no further consent
or authorization of the Company or its members is required;

 

		(d)	this Agreement constitutes the valid and binding obligations of the Company enforceable against the Company
in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance,
moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies
or by equitable principles of general application and except as enforcement of rights to indemnity and contribution may be limited by
federal and state securities laws or principles of public policy;

 

		(e)	the Class X Units upon issuance:

 

		a.	Will be, free and clear of any security interests, liens, claims or other encumbrances (collectively,
 “Liens”), subject only to Liens imposed on Subscriber or its assets and to restrictions upon transfer under the Securities
Act and any applicable U.S. state securities laws and such transfer restrictions as are set forth herein and in the LLC Agreement, including
the Lock-Up (described below);

 

		b.	Will be, duly authorized and validly issued on the date of issuance; and

 

		c.	Will not subject the holders thereof to personal liability by reason of being such holders;

 

    4 

     

    

 

		(f)	there is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government
agency, self-regulatory organization or body pending or, to the knowledge of the Company, threatened against or affecting the SPAC or
the Company or any of the SPAC’s officers or directors, whether of a civil or criminal nature or otherwise, in their capacities
as such;

 

		(g)	neither the Company, nor to its knowledge, any person acting on its or their behalf, has engaged in any
form of general solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection with the
offer or sale of the Class X Units;

 

		(h)	none of the SPAC, the Company, or any director, officer, agent, employee or other person acting on behalf
of the SPAC and Company has, in the course of its actions for, or on behalf of, the SPAC and the Company (1) used any corporate funds
for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity; (2) made any direct or indirect
unlawful payment to any foreign or domestic government official or employee from corporate funds; (3) violated or is in violation of any
provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (4) made any unlawful bribe, rebate, payoff, influence payment,
kickback or other unlawful payment to any foreign or domestic government official or employee; and

 

		(i)	the operations of the SPAC and the Company are and have been conducted at all times in compliance with
applicable financial recordkeeping and reporting requirements and all other applicable U.S. and non-U.S. anti-money laundering laws and
regulations, including, but not limited to, those of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the USA
Patriot Act of 2001 and the applicable money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder
and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively,
the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency,
authority or body or any arbitrator involving the SPAC and the Company with respect to the Anti-Money Laundering Laws is pending or, to
the knowledge of the SPAC and the Company, threatened.

 

Subscriber hereby represents
and warrants that, as applicable:

 

		(a)	it has been advised that neither the Class X Units nor the Founder Shares have not been registered under
the Securities Act;

 

		(b)	it is acquiring the Class X Units (and the underlying Founder Shares) for its own account for investment
purposes only;

 

		(c)	it has no present intention of selling or otherwise disposing of the Class X Units or the underlying Founder
Shares in violation of the securities laws of the United States, has such knowledge and experience in financial and business matters as
to be capable of evaluating the merits and risks of an investment in the  Class X Units and the underlying Founder Shares and is
able to bear the economic risk of its investment in the Class X Unit and underlying Founder Shares for an indefinite period of time;

 

    5 

     

    

 

		(d)	it has adequately analyzed and fully considered the risks of an investment in the Class X Units and the
underlying Founder Shares and determined that the Class X Units and the underlying Founder Shares are a suitable investment for Subscriber
and that Subscriber is able at this time and in the foreseeable future to bear the economic risk of a total loss of Subscriber’s
investment in the Company and acknowledges specifically that a possibility of total loss exists;

 

		(e)	the execution, delivery and performance of this Agreement by the Subscriber and the consummation by it
of the transactions contemplated hereby have been duly authorized by all necessary corporate or similar action and no further consent
or authorization of the Subscriber any other person is required;

 

		(f)	this Agreement constitutes the valid and binding obligations of the Subscriber enforceable against the
Subscriber in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent
conveyance, moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors’ rights
and remedies or by equitable principles of general application and except as enforcement of rights to indemnity and contribution may be
limited by federal and state securities laws or principles of public policy;

 

		(g)	it acknowledges that any sales of securities to Subscriber in the IPO will only be made by means of a
registration statement (including a prospectus) filed with the SEC, after such registration statement becomes effective and that no such
registration statement has become effective as of the date hereof;

 

		(h)	it acknowledges that the Company represents and warrants that the Class X Units and the underlying Founder
Shares (i) were not offered by any form of general solicitation or general advertising and (ii) are not being offered in a manner involving
a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws;

 

		(i)	it is (x) a qualified institutional buyer (as defined in Rule 144A of the Securities Act of 1933 as amended
(the “Securities Act”)), or (y) an institutional “accredited investor” (as defined in Rule 501 of the Securities
Act);

 

		(j)	it has, if required to do so, completed an IRS Form W-9 or Form W-8BEN (or similar form), as applicable;

 

		(k)	it has had both the opportunity to ask questions and receive answers from the officers and directors of
the Company and the SPAC and all persons acting on its behalf concerning the terms and conditions of the offer made hereunder;

 

		(l)	in determining whether to make this investment, the Subscriber has relied solely on the Subscriber’s
own knowledge and understanding of the Company and the SPAC and their respective businesses business based upon the Subscriber’s
own due diligence investigation  and Subscriber has sought such accounting, legal and tax advice as Subscriber has considered necessary
to make an informed investment decision and has not relied on the Company or the SPAC (or any of their
respective affiliates or any of their respective control persons, officers, directors, employees, agents or representatives) for any accounting,
legal or tax advice;

 

    6 

     

    

 

		(m)	it is not relying upon, and has not relied upon, any statement, representation or warranty made by any
person, firm or corporation (including, without limitation, the Company, any of its affiliates or any of its or their respective control
persons, officers, directors, employees, agents or representatives), other than the representations and warranties of the Company expressly
set forth in this Agreement, in making its investment or decision to invest in the Company

 

		(n)	it is familiar with the proposed business, management, financial condition and affairs of the Company
and the SPAC;

 

		(o)	no governmental, administrative or other third party consents or approvals are required or necessary on
the part of the Subscriber in connection with the transactions contemplated by this Agreement; and

 

		(p)	it has full power, authority and legal capacity to execute and deliver this letter and any documents contemplated
herein or needed to consummate the transactions contemplated in this letter.

 

The Subscriber
understands and acknowledges that the Founder Shares will be subject to lock-up provisions (the “Lock-up”) contained
in that certain letter agreement (commonly known as an “Insider Letter”) dated on or prior to the closing of the IPO,
as more fully described in the Registration Statement. The Subscriber understands and acknowledges the Founder Shares will be “restricted
securities” within the meaning of Rule 144(a)(3) under the Securities Act, and the Subscriber understands that the book-entries
representing the Founder Shares will contain a legend or notation in respect of such restrictions. If in the future, following such time
as the Founder Shares underlying the Subscriber’s Class X Units are distributed to the Subscriber, if at all, the Subscriber decides
to offer, resell, pledge or otherwise transfer any such Founder Shares, such Founder Shares may be offered, resold, pledged or otherwise
transferred only pursuant to (i) registration under the Securities Act or (ii) an available exemption from registration. The Company and
the Subscriber agree that if any transfer of the Subscriber’s Founder Shares or any interest therein is proposed to be made pursuant
to an effective registration statement filed with the SEC or in compliance with Rule 144, upon request of the Subscriber, the Company
shall use its commercially reasonable efforts to cause the SPAC and/or its legal counsel to deliver an opinion of counsel satisfactory
to the SPAC’s transfer agent to effect the removal of any restrictive legends from such Founder Shares, and in connection therewith
and as a condition thereto, the Subscriber shall provide to the Company, the SPAC and/or their respective legal counsel customary representations
and other documentation as reasonably requested by the Company, the SPAC, their respective legal counsel and/or the SPAC’s transfer
agent. The Company and the Subscriber agree that, as a condition precedent to any transfer other than of the type described in the previous
sentence, the Subscriber may, at the SPAC’s option, be required to deliver to the SPAC an opinion of counsel satisfactory to the
SPAC. Absent registration or an exemption, the Subscriber agrees not to resell the Founder Shares. The Subscriber further acknowledges
that because the SPAC is a shell company, Rule 144 is not expected to be available to the Subscriber for the resale of the Founder Shares
until at least one year following consummation of the initial Business Combination of the SPAC (which may not occur), despite technical
compliance with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

 

    7 

     

    

 

The Company and
Subscriber agree that, so long as Subscriber is a Member of the Company (and, following such time, to the extent of any provision
which has an effect on Subscriber as a result of being a Member of the Company), and, notwithstanding anything in the LLC Agreement
to the contrary, the LLC Agreement as between the Company and Subscriber shall be deemed to be modified to give effect to the
following:

 

(a)       The
Company shall use commercially reasonable efforts to (i) notify Subscriber of the amount of any withholding or other taxes imposed by
any tax authority with respect to Subscriber (“Withholding Taxes”) and (ii) upon reasonable request by Subscriber,
provide additional information necessary for Subscriber to obtain any available refund of, or exemption from, such Withholding Tax.

 

(b)       The
Company shall use commercially reasonable efforts to not engage in any activity (including the receipt of fees) that may result in
the Company (i) being treated as engaged in a “trade or business within the United States” (within the meaning of
Section 864(b) of the Internal Revenue Code of 1986, as amended (or any corresponding provision or provisions of any succeeding law)
(the “Code”)); (ii) recognizing income or gain treated as effectively connected with a trade or business within
the United States (including, under Sections 864, 871(b), 882 or 897 of the Code); or (iii) being required to impose any withholding
tax pursuant to Section 1445 or Section 1446 of the Code on the Company’s income and/or distributions. The Company shall
notify Subscriber as soon as it determines that its obligation under the prior sentence was breached, and, shall coordinate with the
Subscriber to mitigate the negative consequences of such breach.

 

(c)       In
the event that the Subscriber, in order to comply with its tax or regulatory filing or tax payment obligations, requires information
in addition to that provided to it in accordance with the provisions of the LLC Agreement, Subscriber may request and the Company
shall use commercially reasonable efforts to cooperate with Subscriber in obtaining, or prepare and deliver to Subscriber, such
additional information. The Company confirms that it does not, and, will not interpret the LLC Agreement to allow the Company to
compel Subscriber (or its underlying owners) to amend any tax return of such persons without Subscriber's consent.

 

A true and correct
copy of the LLC Agreement is attached as Exhibit A hereto. The LLC Agreement has been duly adopted by the Company and there have been
no resolutions approved by the Company to alter the LLC Agreement.

 

This Agreement
may be terminated at any time prior to the IPO by mutual written consent of the parties hereto. In the event that the IPO is not consummated
for any reason by the date that is sixty (60) days from the date hereof, this Agreement shall thereafter terminate and have no force or
effect. The obligations of the Subscriber hereunder are subject to there being no material change in the structure, terms and conditions
of the SPAC and its securities from that set forth in the SPAC’s Registration Statement on Form S-1 filed with the U.S. Securities
and Exchange Commission on August [6], 2021.

 

This Agreement
and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by the laws of Delaware applicable
to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof that would
otherwise require the application of the law of any other state. Any dispute relating hereto shall be heard in the state or federal courts
of Delaware, and the parties agree to jurisdiction and venue therein.

 

AS A SPECIFICALLY
BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL),
EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS
AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY.

 

This Agreement may be
executed in one or more counterparts, all of which when taken together shall be considered one and the same agreement and shall
become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both
parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or any other form
of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such
signature is executed) with the same force and effect as if such signature page were an original thereof.

 

    8 

     

    

 

The rights and
obligations under this Agreement may not be assigned by either party hereto without the prior written consent of the other party.

 

All statements,
representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and shall inure to the
benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to create
any rights or obligations except among the parties hereto, and no person or entity shall be regarded as a third-party beneficiary of this
Agreement.

 

This Agreement,
the LLC Agreement and the other agreements contemplated hereby, constitute the entire agreement, and supersede all other prior agreements,
understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof and
thereof.

 

The terms and
provisions of this Agreement may be modified or amended only by written agreement executed by all parties hereto.

 

[the remainder of this page is intentionally
left blank]

 

    9 

     

    

 

	 	Very truly yours,

 

	 	BANYAN ACQUISITION SPONSOR LLC

 

		By:	 

	 	Name:
	 	Title:

 

Accepted and Agreed:

 

[INVESTOR]

 

Expression of Interest: [__]%

Number of Class X Units: [___]

 

	By:	 	 
	 	Name: [__________]	 
	 	Title:	 

  

[Signature page to Anchor Investor Subscription
Agreement]

 

     

     

    

 

Exhibit A

 

FORM OF LLC AGREEMENTExhibit
10.1

 

 

GLOBAL
TECH INDUSTRIES GROUP, INC.

511
Sixth Avenue, Suite 800

New
York, New York 10011

 

August
23, 2021

 

Via
Email to calvin@supergreentech.com

 

Calvin
Cao, Chief Executive Officer

We
SuperGreen Energy Corp

600
Anton Boulevard

Costa
Mesa, CA 92626

 

	 	Re:
    	Letter
    Agreement Regarding Proposed Business Combination of Global Tech Industries Group, Inc. and We SuperGreen Energy Corp

 

Dear
Mr. Cao,

 

Global
Tech Industries Group, Inc., a Nevada corporation (“GTII”), is pleased to inform Mr. Calvin Cao (“Mr. Cao”) of
its agreement set forth herein (the “Agreement”) to engage in a merger/business combination, for the best interests of the
shareholders of both GTII and We SuperGreen Energy Corp, pursuant to which We SuperGreen Energy Corp (“SuperGreen”) will
become a wholly-owned subsidiary of GTII, and the shareholders of SuperGreen (the “SuperGreen Shareholders”) will become
the majority shareholders of GTII owning that amount of newly issued common stock of GTII (the “GTII Common Stock”) to be
mutually-agreed upon by the parties and memorialized in a stock purchase agreement, subject to the terms and conditions set forth herein.
This letter agreement between GTII, SuperGreen and the SuperGreen Shareholders evidences the terms and conditions of the contemplated
transactions (the “Transaction”).

 

The
completion of an audit of the financial statements of SuperGreen since its inception, inclusive of the starting balance sheet as of its
inception date (the “Audited Financial Statements”), by an auditor that is subject to the public corporation accounting oversight
board (“PCAOB”), acceptable to GTII shall be a condition precedent to GTII’s obligation (but not to SuperGreen’s
obligation) to Close the Transaction, waivable by GTII in its sole and absolute discretion. As such, this Agreement is legally binding
on the parties and will be in full force and effect as of the date on which it is executed by duly authorized representatives of both
GTII and SuperGreen.

 

This
Agreement is intended to be a definitive binding agreement between GTII, SuperGreen and the SuperGreen Shareholders (the “Parties”).
Prior to the closing of the Transaction (“Closing”), which the Parties intend to accomplish on or before December 30, 2021,
subject to certain conditions to Closing as specified in Section 4 of this Agreement, GTII may amend its Articles of Incorporation to
change its capital structure in a manner most responsive and appealing to the stock market as a whole and to accommodate the issuance
of the GTII Common Stock to the SuperGreen Shareholders. Subject to sufficient funding, GTII shall file for up-listing to a national
exchange, such as NYSE or NASDAQ, at such time as GTII meets, and in the sole determination of Board of Directors, will be able to meet
the continued listing requirement of said exchange, and may amend its Articles of Incorporation to be consistent with the rules and regulations
of said exchange.

 

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GTII
shall use its best efforts to register the shares issuable upon the exercise of warrants to raise capital, and may, in its sole discretion,
use the proceeds thereof and/or seek to raise additional capital (the “Offering”) for (a) SuperGreen’s and GTII’s
business; (b) to reimburse SuperGreen and GTII for their Transaction costs; and/or (c) to pay the costs to be incurred to audit SuperGreen’s
financial statements for fiscal years 2019 and 2020, which audit costs are to be determined by mutual agreement of GTII, the SuperGreen
Shareholders and SuperGreen before the Offering. GTII, SuperGreen and the SuperGreen Shareholders agree to cooperate in the preparation
of the private offering materials for the above-described Offering if and when it occurs. All parties to this Agreement acknowledge and
agree that there is no guarantee as to whether or not GTII will be able to raise any capital in the Offering.

 

1.
The Transaction. SuperGreen and the SuperGreen shareholders and 100% owners of SuperGreen (the “SuperGreen Shareholders”),
hereby agree with GTII that at the Closing of the Transaction, the SuperGreen Shareholders will convey and transfer to GTII, free and
clear of all liens, encumbrances or claims, good title to all of the shares of the issued and outstanding capital stock of SuperGreen
owned by the SuperGreen Shareholders, which is, and at the Closing will be, 100% of the total issued and outstanding shares of SuperGreen
capital stock (collectively, the “SuperGreen Shares”). In consideration for the SuperGreen Shares, GTII will at the Closing
issue and deliver to the SuperGreen Shareholders the GTII Common Stock, free and clear of any liens, encumbrances or claims other than
the standard Rule 144 restrictive transfer provisions and any other provisions contained in this Agreement. The GTII Common Stock will
bear the following legend:

 

“THIS
SECURITY HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) OR THE SECURITIES LAWS OF ANY
STATE AND MAY NOT BE OFFERED OR SOLD UNLESS REGISTERED AND QUALIFIED PURSUANT TO THE APPLICABLE PROVISIONS OF FEDERAL AND STATE SECURITIES
LAWS OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION APPLIES. THEREFORE, NO SALE OR TRANSFER OF THIS SECURITY SHALL BE
MADE, NO ATTEMPTED SALE OR TRANSFER SHALL BE VALID, AND THE ISSUER SHALL NOT BE REQUIRED TO GIVE ANY EFFECT TO ANY SUCH TRANSACTION UNLESS
(A) SUCH TRANSACTION HAS BEEN DULY REGISTERED UNDER THE ACT AND QUALIFIED OR APPROVED UNDER APPROPRIATE STATE SECURITIES LAWS, OR (B)
THE ISSUER HAS FIRST RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH REGISTRATION, QUALIFICATION OR APPROVAL IS
NOT REQUIRED.”

 

Between
the execution of this Agreement and the Closing, GTII covenants not to take any action, except for cause, that would change the officers
or directors of SuperGreen without the prior written consent of SuperGreen’s Chief Executive Officer. SuperGreen and the SuperGreen
Shareholders agree that they will not offer for sale any GTII stock issued to them until the expiration of 6 months subsequent to the
Closing. Nothing herein shall be considered a bar to the participation of any SuperGreen officer, director, or SuperGreen Shareholder
from participating as a seller in a public offering. If GTII determines to conduct an offering of its securities under the exemption
from registration available pursuant to Regulation A+ of the Securities Act of 1933, as amended, to raise capital, SuperGreen and the
SuperGreen Shareholders agree to fully cooperate with GTII to enable it to make such an offering successful.

 

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SuperGreen Energy Corp

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SuperGreen
represents and warrants that all of its current shareholders are either “accredited or sophisticated investors” as defined
in Rule 501 of Regulation D and/or Section 4(a)(2) of the Securities Act of 1933, as amended, and that neither SuperGreen nor any Shareholders,
officer, director, employee or other affiliate of SuperGreen is a “bad actor” as defined in Rule 506(d) of Regulation D of
the Securities Act of 1933, as amended. SuperGreen covenants to use its best efforts to cause its shareholders to approve and participate
in the Transaction or otherwise the Transaction will be cancelled.

 

After
the execution of this Agreement and until Closing, the public reporting costs and Transaction costs of GTII and SuperGreen will be borne
as follows: 100% by GTII (except that SuperGreen will be 100% responsible for auditing costs associated with the Audited Financial Statements).
After the Closing, such costs shall be borne 100% by GTII.

 

2.
Board of Directors and Executive Officers. On the Closing, Mr. Cao will be appointed as a member of the Board of Directors
of GTII. The members of the Board of GTII as of the Closing of this Transaction shall be replaced by new members to be appointed by GTII
and SuperGreen after consideration of the new focus of the Company. Furthermore, within 30 days after Closing, GTII, as the parent company
and 100% owner of SuperGreen (the “SuperGreen-Sub”), will cause the SuperGreen Sub to appoint: (i) Mr. Cao, Chairman of the
Board, a director, of the SuperGreen Sub; and (ii) additional directors to be nominated by the post-Closing Board of Directors of GTII,
initially consisting of a total of 3 directors.

 

The
Parties agree to negotiate, in good faith, a leak-out agreement with the pre-closing Board of Directors and officers of GTII, which agreement
shall contain a leak-out period equivalent to any restrictions on the GTII Common Stock, and other general provisions applicable to the
leak-out and sale of common stock held by officers and directors of public companies. In addition to the leak-out agreement, the Parties
shall negotiate, in good faith, to retire any outstanding preferred stock held by any officer or director of GTII at, or within a specified
time after Closing. Both the leak-out and preferred stock retirement described herein shall be considered material terms of this Agreement.

 

The
Parties agree to negotiate, in good faith, a plan to spin out all non-SuperGreen assets at, or within a mutually-agreed upon time after
Closing. As used herein, non-SuperGreen assets means all assets owned by GTII immediately prior to the Closing. The spin-out agreement
described herein shall be considered a material term of this Agreement.

 

The
Parties agree to cause SuperGreen-Sub to enter into a key executive employment agreement naming Mr. Cao Chairman of the Board of Directors
of SuperGreen at the Closing that is reasonably acceptable to the Parties to this Agreement. Failure to negotiate in good faith, or the
failure to enter into said employment agreement, shall be grounds for terminating this Agreement. Mr. Cao covenants to perform, for the
SuperGreen Sub, those substantially similar obligations and responsibilities as performed by him for SuperGreen prior to the Closing,
with substantially similar compensation from the SuperGreen-Sub as received from SuperGreen prior to Closing. Mr. Cao represents and
warrants that SuperGreen constitutes 100% of the business conducted by SuperGreen.

 

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SuperGreen Energy Corp

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23, 2021

 

Mr.
Cao acknowledges that the rights, duties, and consideration contemplated herein are personal to him, and he may not assign and/or sublicense
this agreement, or the rights or obligations thereunder, to any other person without the prior written consent of GTII. Unless otherwise
agreed in writing between GTII and Mr. Cao, in the event that during the first 12 months after the Closing, Mr. Cao ceases to perform
his managerial services for SuperGreen-Sub and/or GTII in accordance with his duties to those companies, as provided in his employment
agreement with SuperGreen-Sub and this Agreement, or his employment agreement with SuperGreen is terminated by Mr. Cao without GTII’s
consent and without cause (i.e., GTII has not materially breached the Agreement and failed to cure it), then SuperGreen and the SuperGreen
Shareholders shall be deemed to have breached this Agreement, and GTII will have the right, exercisable in its sole and absolute discretion,
to (i) terminate and rescind this Agreement, (ii) recover all of its capital stock issued to the SuperGreen Shareholders under the Agreement,
(iii) return the SuperGreen Shares to the SuperGreen Shareholders, and (iv) assert claims against SuperGreen and the SuperGreen Shareholders
for damages and other remedies at law or in equity. The SuperGreen Shareholders will thereafter, and promptly, return all shares of the
GTII Common Stock issued to them under this Agreement, properly endorsed for transfer to GTII or to a designee of GTII, upon a demand
by GTII for such return in the event of a breach of this Agreement.

 

3.
Timing. Upon execution of this Agreement by all Parties, SuperGreen will provide GTII with all information and make available
all SuperGreen personnel and stockholders required by GTII to complete its due diligence of SuperGreen, its management and its shareholders,
and the completion of the Audited Financial Statements. SuperGreen hereby represents and warrants that it has completed its due diligence
of GTII and is satisfied with the same. Upon satisfactory completion by GTII of its due diligence of SuperGreen, and satisfaction of
all conditions precedent to the Closing by SuperGreen or effective waiver of such conditions by GTII in writing, GTII and SuperGreen
and the SuperGreen Shareholders will then proceed to Closing, subject to the rights, obligations, and provisions of the second paragraph
of the introduction portion of this Agreement relating to the Audited Financial Statements.

 

4.
Conditions of Closing. The Closing of the Transaction is subject to the following conditions in addition to those otherwise
described in this Agreement: (i) prior to or at the Closing, GTII will have no debts or other liabilities, except as contemplated by
Section 5 of this Agreement or those incurred in the ordinary course of business of GTII and reported in its financial statements; (ii)
all governmental, regulatory, and third party consents and approvals necessary or desirable to facilitate consummation of the Transaction
will have been obtained, (iii) GTII’s satisfaction, which satisfaction GTII must confirm in writing prior to the Closing, with
a full and complete due diligence investigation of all available information regarding SuperGreen including financial, business and legal
affairs; (iv) execution of consents by the holders of 100% of the outstanding shares of SuperGreen to the Transaction; (v) transfer of
ownership to GTII of 100% of the outstanding shares of SuperGreen, free and clear of any liens, claims and encumbrances; (vi) at or 10
days subsequent to the Closing, the post-Closing Board of Directors shall, subject to the requirements of Schedule Form 14F-1, redeem,
retire and cancel of all outstanding shares of Series A Preferred Stock of GTII and issue new Series A Preferred Stock of GTII to Mr.
Cao in the same amount of such shares that were previously outstanding and cancelled; (vii) receipt by each Party to this Agreement of
a written representation from the other Party hereto that no material adverse change has occurred to the representing Party between the
date of execution of this Agreement and the Closing of the Transaction; (viii) approval of the Transaction by the Boards of Directors
of SuperGreen and GTII, respectively, (ix) submission by SuperGreen to GTII of written verification of a substantial bona fide purchase
order contract, in an amount of no less than $50 million dollars (USD), by a affiliated or unaffiliated customer awarded to SuperGreen,
to GTII’s satisfaction, and payment of a substantial cash deposit by the customer of SuperGreen under such contract, (x) completion
of the Audited Financial Statements of SuperGreen in a manner acceptable to GTII’s auditors, and delivery of them to GTII by November
30, 2021, and (xi) verification, by an attorney, not currently or previously engaged by either Party, competent in international and
United States patent law, at the sole of expense of SuperGreen, and irrevocably license, to run concurrent with the statutory period
of SuperGreen’s patents, to GTII of SuperGreen’s patents, and future prospects and viability of pending patent applications
to GTII’s satisfaction in its sole discretion. Neither GTII nor SuperGreen is aware of any outstanding agreement by which either
of them is bound which confers on any person the right to prevent the Closing of the Transaction. If the Closing of the Transaction does
not occur by December 30, 2021 (subject to the right of the parties to this Agreement to extend this date by mutual written agreement),
through no fault of any Party to this Agreement, then any Party hereto may terminate this Agreement by written notice to the other Parties
for any reason or no reason. A Party who is at fault for delaying the Closing shall have no right to terminate the Agreement. A failure
by SuperGreen to deliver the Audited Financial Statements to GTII by December 30, 2021 shall be deemed to be the fault of SuperGreen;.

 

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5.
Debts of GTII. GTII represents and warrants that it will have no debts outside the ordinary course of its business at the
Closing other than up to approximately $3 million (as reflected on its current financial statements) that GTII has not yet settled or
converted to equity (collectively, “Unsettled Debt”). The settlement of these debts may involve a temporary extension of
their maturity dates. The risk of claims for the remaining Unsettled Debt and any other liability of GTII arising prior to the Closing
(collectively, “Other Pre-Closing Debt”), will be borne by GTII. GTII will negotiate settlements or otherwise effect cancellations
of such debts in good faith.

 

6.
Pre-Closing Cooperation. From the date of execution of this Agreement until the Closing of the Transaction, each Party
agrees to provide the other Party and its designated representatives with access to all reasonably relevant information regarding the
Party that the other Party requests.

 

7.
Expenses. Subject to Section 2 of this Agreement, each Party will bear its own expenses in connection with the Transaction
until the Closing, including without limitation, legal and accounting fees, which will be reimbursed from the proceeds of the Offering
to the extent feasible.

 

8.
Confidentiality. Any information, including but not limited to data, business information (including customer and investor
lists and prospects), technical information, computer programs and documentation, programs, files, specifications, drawings, sketches,
models, samples, tools or other data, oral, written, digital or otherwise (hereinafter called “Information”), furnished or
disclosed by one Party to the other Party for the purpose of the Transaction, will remain the disclosing Party’s property until
the Closing of the Transaction, at which time all such Information will become the property of GTII. All copies of such Information in
written, graphic or other tangible form must be returned to the disclosing Party immediately upon written request if the Transaction
is not consummated by the designated Closing date. Unless such Information was previously known to the receiving Party free of any obligation
to keep it confidential, or has been or is subsequently made public by the disclosing Party or a third party, it must be kept confidential
by the receiving Party, will be used only in performing due diligence and other actions for the Transaction, and may not be used for
other purposes except upon such terms as may be agreed upon between SuperGreen and GTII in writing.

 

9.
Exclusivity. In consideration hereof and of the time and resources that GTII will devote to the Transaction, SuperGreen
agrees that until December 30, 2021 (such date, the “End of the Exclusivity Period”), SuperGreen and its affiliates, directors,
officers, employees, representatives and agents will not, directly or indirectly, solicit, initiate, enter into or continue any discussions
or transactions with, or encourage, or provide any Information to any person or entity (other than to GTII or its designees), concerning
any merger, business combination or sale of its stock other than as contemplated in Section 1 of this Agreement. SuperGreen represents
that neither SuperGreen nor any of its affiliates is party to or bound by any agreement with respect to any such transaction other than
as contemplated by this Agreement.

 

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SuperGreen Energy Corp

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10.
Representations and Warranties of SuperGreen and the SuperGreen Shareholders

 

SuperGreen
and the SuperGreen Shareholders represent and warrant to GTII as follows:

 

10.1
Power and Authority; Binding Nature of Agreement. SuperGreen and the SuperGreen Shareholders have full power and authority
to enter into this Agreement and to perform their obligations hereunder. The execution, delivery, and performance of this Agreement by
SuperGreen and the SuperGreen Shareholders have been duly authorized by all necessary action on their part. Assuming that this Agreement
is a valid and binding obligation of each of the other parties hereto, this Agreement is a valid and binding obligation of SuperGreen
and the SuperGreen Shareholders. The transfer of the SuperGreen Shares by the SuperGreen Shareholders to GTII pursuant to this Agreement
has been duly authorized and approved by the SuperGreen Board of Directors, and the SuperGreen Shares will remain outstanding and in
full force and effect at the Closing with GTII as their owner.

 

10.2
Subsidiaries. Other than as set forth in this Agreement or disclosed to GTII in writing, there is no corporation, general
partnership, limited partnership, joint venture, association, trust or other entity or organization that SuperGreen directly or indirectly
controls or in which SuperGreen directly or indirectly owns any equity or other interest.

 

10.3
Good Standing. SuperGreen (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction
in which it is incorporated, (ii) has all necessary power and authority to own its assets and to conduct its business as it is currently
being conducted, and (iii) is duly qualified or licensed to do business and is in good standing in every jurisdiction (both domestic
and foreign) where such qualification or licensing is required.

 

10.4
Charter Documents and Corporate Records. SuperGreen has delivered to GTII complete and correct copies or provided GTII
with the right to inspect true and complete copies of all (i) the articles of incorporation, bylaws and other charter or organizational
documents of SuperGreen, including all amendments thereto, and (ii) the stock records of SuperGreen. SuperGreen is not in violation or
breach of any of the provisions of its articles of incorporation, bylaws or other charter or organizational documents.

 

10.5
Financial Statements.

 

(a)
SuperGreen has delivered to GTII the following financial statements relating to SuperGreen prior to the Closing (the “SuperGreen
Financial Statements”): (i) the audited balance sheet of SuperGreen as of December 31, 2019 and 2020 and the unaudited balance
sheet as of July 31, 2021, and (ii) the audited statements of income and expense for the years ended December 31, 2019 and 2020 and the
unaudited statements of income and expense for the seven months commencing on January 1, 2021 and ending on July 31, 2021, as well as
the unaudited statements of retained earnings and shareholders’ equity. Except as stated therein or in the notes thereto, the SuperGreen
Financial Statements: (a) present fairly the financial position of SuperGreen as of the respective dates thereof and the results of operations
and changes in financial position of SuperGreen for the respective periods covered thereby; and (b) have been prepared in accordance
with SuperGreen’s normal business practices applied on a consistent basis throughout the periods covered.

 

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SuperGreen Energy Corp

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(b)
SuperGreen and the SuperGreen Shareholders have made available to GTII a true and complete copy of each material agreement and related
documents made by SuperGreen since January 1, 2019 (the “SuperGreen Documents”).

 

10.6
Capitalization. The authorized capital stock of SuperGreen consists of 200,000,000 shares of common stock, having par value
of $0.001 per share, of which 195,000,000 shares are issued and outstanding as of the date of execution of this Agreement. No shares
of preferred stock have been designated, issued, or authorized. All of the outstanding shares of the capital stock of SuperGreen are
validly issued, fully paid and nonassessable, and have been issued in full compliance with all applicable federal, state, local and foreign
securities laws and other laws.

 

10.7
Absence of Changes. Except as otherwise set forth on Schedule 10.7 hereto, there has not been any material adverse change
in the business, condition, assets, operations or prospects of SuperGreen and no event has occurred or, to SuperGreen’s knowledge,
is expected to occur after the Closing that might have a material adverse effect on the business, condition, assets, operations or prospects
of SuperGreen, other than the transfer to GTII by SuperGreen of all contractual obligations and related rights for the delivery of services,
materials, warranty obligations, and delivery costs pertaining to contracts that are, as of the date of this Agreement, a work in progress
or in the process of fulfillment or delivery, or that have not been completed at the time of the Closing, or which have been entered
into after the date of this Agreement, including without limitation the right to cash flow from those contracts.

 

10.8
Absence of Undisclosed Liabilities. SuperGreen has no debt, liability or other obligation of any nature (whether due or
to become due and whether absolute, accrued, contingent or otherwise) that is not reflected or reserved against in the SuperGreen Financial
Statements as of July 31, 2021, except for obligations incurred in the ordinary and usual course of business consistent with past practice.

 

10.9
Corporation Status. SuperGreen is identified as a “C” corporation, organized under the laws of the State of
Nevada, having a unique Nevada Business Identifier of NV 20212150464.

 

10.10 Conflict
of Interest Transactions. Except as otherwise set forth in Schedule 10.10, no past or present Shareholder, director, officer
or employee of SuperGreen or any of its affiliates (i) are indebted to, or has any outside financial, business or contractual
relationship or arrangement with SuperGreen, or (ii) has any direct or indirect interest in any property, asset or right which is
owned or used by SuperGreen or pertains to the of SuperGreen business.

 

10.11
Litigation. Except as may be disclosed in the SuperGreen due diligence documents, there is no actual action, suit, proceeding,
dispute, litigation, claim, complaint or investigation by or before any court, tribunal, governmental body, governmental agency or arbitrator
pending or, to SuperGreen’s knowledge, threatened against or with respect to SuperGreen which (i) if adversely determined would
have a material adverse effect on the business, condition, assets, operations or prospects of SuperGreen, or (ii) challenges or would
challenge any of the actions required to be taken by SuperGreen under this Agreement. To SuperGreen’s knowledge, there exists no
basis for any such action, suit, proceeding, dispute, litigation, claim, complaint or investigation.

 

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10.12
Approvals. SuperGreen has provided, or will provide by December 30, 2021, GTII with a complete and accurate list of all
jurisdictions in which SuperGreen is authorized to do business, including any required authorization, consent or approval of, or registration
or filing with, any governmental authority that is required to be obtained or made by SuperGreen in connection with the execution, delivery
or performance of this Agreement, including the conveyance to GTII of the SuperGreen Shares.

 

10.13
Brokers or Finders. SuperGreen has not agreed to pay any brokerage fees, finder’s fees or other fees or commissions
with respect to the transactions contemplated by this Agreement, and, to SuperGreen’s knowledge, no person is entitled, or intends
to claim that it is entitled, to receive any such fees or commissions in connection with such transaction.

 

10.14
Representations True on Closing Date. The representations and warranties of SuperGreen set forth in this Agreement are
true and correct on the date hereof, and will be true and correct on the Closing Date as though such representations and warranties were
made as of the Closing Date. GTII’s knowledge will not act as a waiver of any breach of the representations and warranties contained
herein by SuperGreen or SuperGreen Shareholders.

 

10.15
Tax Advice. SuperGreen and SuperGreen Shareholders hereby represent and warrant that they have sought their own independent
tax advice regarding the transactions contemplated by this Agreement and neither SuperGreen nor SuperGreen Shareholders have relied on
any representation or statement made by GTII or its representatives regarding the tax implications of such transactions.

 

10.16
Non-Contravention. To the best of the SuperGreen Shareholders’ knowledge, neither the execution nor delivery of this
Agreement, nor the performance of this Agreement will contravene or result in a material violation of any of the provisions of any other
agreement or obligation of the SuperGreen Shareholders or SuperGreen.

 

11.
Representations and Warranties of GTII.

 

GTII
represents and warrants to SuperGreen and the SuperGreen Shareholders as follows:

 

11.1
Power and Authority; Binding Nature of Agreement. GTII has full power and authority to enter into this Agreement and to
perform its obligations hereunder. The execution, delivery and performance of this Agreement by GTII have been duly authorized by all
necessary action on its part. Assuming that this Agreement is a valid and binding obligation of the other Party hereto, this Agreement
is a valid and binding obligation of GTII.

 

11.2
Approvals. To GTII’s knowledge, no authorization, consent or approval of, or registration or filing with, any governmental
authority or any other person is required to be obtained or made by GTII in connection with the execution, delivery or performance of
this Agreement.

 

11.3
Representations True on Closing Date. To GTII’s knowledge, the representations and warranties of GTII set forth in
this Agreement are true and correct on the date hereof, and will be true and correct on the Closing Date as though such representations
and warranties were made as of the Closing Date.

 

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SuperGreen Energy Corp

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11.4
Non-Distributive Intent. The SuperGreen Shares being purchased by GTII pursuant to this Agreement are not being acquired
by GTII with a view to the public distribution or sale of them.

 

11.5
Non-Contravention. To the best of GTII’s knowledge, neither the execution nor delivery of this Agreement, nor the
performance of this Agreement will contravene or result in a material violation of any of the provisions of any other agreement or obligation
of GTII.

 

11.6
Buyer is an Accredited Investor. GTII is (i) an “accredited investor” as that term is defined in Rule 501 of
the Act, and (ii) experienced in making investments of the kind described in this Agreement and the related documents, and (iii) able,
by reason of the business and financial experience of its officers (if an entity) and professional advisors (who are not affiliated with
or compensated in any way by SuperGreen or any of its affiliates or selling agents), to protect its own interests in connection with
the Transactions described in this Agreement and the related documents.

 

11.7
Certificate of Designation. The SuperGreen Shareholders have reviewed the Certificate of Designation of GTII for the outstanding
Series A Preferred Stock of GTII, a copy of which has been furnished to them, and SuperGreen is satisfied with it.

 

12.
Survival of Representations and Warranties.

 

All
representations and warranties made by each of the parties hereto will survive the Closing for a period after the Closing Date equal
to the applicable statute of limitations for such matters under applicable state law.

 

13.
Indemnification. 

 

(a)
GTII agrees to indemnify, defend and hold harmless SuperGreen against any and all claims, demands, losses, costs, expenses, obligations,
liabilities and damages, including interest, penalties and attorneys’ fees and costs incurred by GTII, arising, resulting from
or relating to any breach of, or failure by SuperGreen to perform, any of its representations, warranties, covenants or agreements in
this Agreement or in any exhibit or other document furnished or to be furnished by GTII under this Agreement.

 

(b)
SuperGreen and the SuperGreen Shareholders agree to indemnify, defend and hold harmless GTII against any and all claims, demands, losses,
costs, expenses, obligations, liabilities and damages, including interest, penalties and attorneys’ fees and costs incurred by
GTII, arising, resulting from or relating to any breach of, or failure by SuperGreen and the SuperGreen Shareholders to perform, any
of their representations, warranties, covenants or agreements in this Agreement or in any exhibit or other document furnished or to be
furnished by GTII under this Agreement.

 

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SuperGreen Energy Corp

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14.
Entire Agreement. This Agreement constitutes the entire understanding among SuperGreen, GTII, and their respective affiliates,
and supersedes all prior communications, agreements, and understandings, written or oral, with respect to the Transaction.

 

15.
Governing Law. This Agreement will be enforced in the courts of and governed by the laws of the State of New York and will
bind and inure to the benefit of the parties and their respective successors and assigns. The venue for any legal proceedings under or
relating to the Agreement shall be in the appropriate forum in the County of New York, State of New York, or a federal court which sits
in the State of New York.

 

16.
General. If the requisite agreements and other documents for a Closing are not executed by SuperGreen and GTII by the End
of the Exclusivity Period or later if mutually agreed to in writing by all parties, all obligations of the parties under this Agreement,
other than the provisions of Paragraphs 7, 8, and 9, will automatically terminate and be of no further force and effect.

 

17.
Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction,
this Agreement shall be interpreted and enforceable as if such provision were severed or limited, but only to the extent necessary to
render such provision and this Agreement enforceable.

 

18.
Rights Cumulative. All rights and remedies under this Agreement are cumulative, and none is intended to be exclusive of
another. No delay or omission in insisting upon the strict observance of performance of any provision of this Agreement, or in exercising
any right or remedy, shall be construed as a waiver or relinquishment of such provision, nor shall it impair such right or remedy. Every
right and remedy may be exercised from time to time and as often as deemed expedient.

 

19.
Legal Counsel. The parties acknowledge and agree that current legal counsel for GTII (“Counsel”), represents
only GTII for the preparation and negotiation of the Agreement, and for any other matter relating to the Transaction, including
without limitation the Offering, if one occurs.

 

20.
Injunctive Relief.

 

20.1
Damages Inadequate. Each party acknowledges that it would be impossible to measure in money the damages to the other Party
if there is a failure to comply with any covenants and provisions of this Agreement, and agrees that in the event of any breach of any
such covenant or provision, the other Party to this Agreement will not have an adequate remedy at law.

 

20.2
Injunctive Relief. It is therefore agreed that the other Party to this Agreement who is entitled to the benefit of the
covenants and provisions of this Agreement which have been breached, in addition to any other rights or remedies which it may have, will
be entitled to immediate injunctive relief to enforce such covenants and provisions, and that in the event that any such action or proceeding
is brought in equity to enforce them, the defaulting or breaching Party will not urge a defense that there is an adequate remedy at law.

 

21.
Further Assurances. Following the Closing, the SuperGreen Shareholders shall furnish to GTII such instruments and other
documents as GTII may reasonably request for the purpose of carrying out or evidencing the Transaction contemplated by this Agreement.

 

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23, 2021

 

22.
Waivers. If any Party at any time waives any rights hereunder resulting from any breach by the other Party of any of the
provisions of this Agreement, such waiver is not to be construed as a continuing waiver of other breaches of the same or other provisions
of this Agreement. Resort to any remedies referred to herein will not be construed as a waiver of any other rights and remedies to which
such Party is entitled under this Agreement or otherwise.

 

23.
Successors and Assigns. Each covenant and representation of this Agreement will inure to the benefit of and be binding
upon each of the Parties, their personal representatives, assigns and other successors in interest.

 

24.
Counterparts. This Agreement may be executed simultaneously in any number of counterparts, each of which counterparts will
be deemed to be an original, and such counterparts will constitute but one and the same instrument.

 

25.
Assignment. Except in the case of an affiliate of GTII, this Agreement may not be assignable by any Party without prior
written consent of the other Parties.

 

26.
Publicity. Except as may be required in order for a Party to comply with applicable laws, rules, or regulations or to enable
a Party to comply with this Agreement, or necessary for GTII to prepare and disseminate any private or public placements of its securities
or to communicate with its shareholders, no press release, notice to any third party or other publicity concerning the transactions contemplated
by this Agreement will be issued, given or otherwise disseminated without the prior written approval of GTII; provided, however, that
such approval will not be unreasonably withheld.

 

If
the foregoing is in accordance with your understanding, please sign this Agreement in the space indicated below and return it to us for
receipt no later than the close of business on August 24, 2021 (the “Execution Date”), whereupon this Agreement will become
a binding obligation between the Parties to the extent provided herein. Furthermore, please send an original executed counterpart of
this Agreement to us by email.

 

[Signature
Page to Follow]

 

[Remainder
of this Page Intentionally Left Blank]

 

    	 	Page 11 of 12	 

    	 

    

 

Calvin
Cao

We
SuperGreen Energy Corp

August
23, 2021

 

	 	 	 	Sincerely,
	 	 	 	 
	 	 	 	Global
    Tech Industries Group, Inc.
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	David
    Reichman, Chairman & CEO
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	Frank
    Benintendo, Vice-Chairman & Secretary
	 	 	 	 	 
	ACKNOWLEDGED
    AND AGREED:	 	 	 
	 	 	 	 
	We
    SuperGreen Energy Corp	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	Mr.
    Calvin Cao, CEO	 	 	 
	 	Email:
    calvin@supergreentech.com	 	 	 
	 	 	 	 	 
	We
    SuperGreen Energy Corp Shareholders	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	Mr.
    Calvin Cao, on behalf of all We SuperGreen Energy Corp Shareholders	 	 	 
	 	Owning
    100% of its Equity Interest	 	 	 
	 	Email:
    calvin@supergreentech.com	 	 	 

 

    	 	Page 12 of 12	 

    	 

    

 

Schedule
10.7

Material
Changes Expected to Occur

 

	1.
    	 	 
	 	 	 
	2.	 	 
	 	 	 
	3.	 	 
	 	 	 
	4.	 	 

 

    	Schedule 10.7

    	 

    

 

Calvin
Cao

We
SuperGreen Energy Corp

August
23, 2021

 

Schedule
10.10

Conflicts

 

The
following shall constitute all prior relationships between GTII or its representatives, and SuperGreen or its representatives.
SuperGreen and SuperGreen Shareholders acknowledge and waive any potential conflicts that may have arisen, or may arise, as a result
of said prior relationship.

 

	 	1.
    	 	 
	 	 	 	 
	 	2.	 	 
	 	 	 	 
	 	3.	 	 
	 	 	 	 
	 	4.	 	 

 

    	Schedule 10.10

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