Document:

STOCK
      ESCROW AGREEMENT 

     

    This
      Stock Escrow Agreement (this “Agreement”)
      is
      made and entered into as of March ___, 2006, by and among Continental Stock
      Transfer and Trust Company, a New York corporation (“Escrow
      Agent”),
      Global Technology Industries, Inc., a Delaware corporation (the “Company”),
      and
      GTI Holdings, LLC (“GTI”),
      which
      is the parent holding company of Global Technology Investments, LLC and is
      owned
      by certain of the Company’s officers and directors, with reference to the
      following facts: 

     

      A. The
        Company has entered into an Underwriting Agreement dated ______  ___,
        2006 (“Underwriting
        Agreement”),
        with
        Morgan Joseph & Co. Inc., acting as representative (“Representative”)
        of the
        underwriters (collectively, the “Underwriters”),
        pursuant to which, among other matters, the Underwriters have agreed to purchase
        10,000,000 units (“Units”)
        of the
        Company. Each Unit consists of one share of the Company’s common stock, par
        value $.0001 per share (“Common
        Stock”),
        and
        one Warrant, each Warrant to purchase one share of Common Stock, all as more
        fully described in the Company’s final prospectus, dated _________, 2006
        (“Prospectus”)
        comprising part of the Company’s Registration Statement on Form S-1 (File No.
        333 132505) under the Securities Act of 1933, as amended (“Registration
        Statement”).

     

      B. The
        Company has also entered into a Private Placement Securities Purchase Agreement
        dated as of March 17, 2006 with the Representative and GTI, pursuant to which,
        GTI has agreed to purchase (i) an aggregate of 250,000 Units, substantially
        identical to the Units being offered by the Underwriters and (ii) 416,667
        additional Warrants (sold separately and not in combination with the Common
        Stock in the form of the Units).

     

    C. In
      order
      to facilitate the public offering of the Units, GTI has agreed to deposit all
      shares of Common Stock and Warrants comprising the Units, the additional
      Warrants and all shares of Common Stock issuable upon the exercise of the
      Warrants comprising the Units and the additional Warrants issued by the Company
      that it owns as of the date hereof (the “Escrow
      Shares”),
      in
      escrow as hereinafter provided.

     

    D. The
      Company and GTI desire that the Escrow Agent accept the Escrow Shares, in
      escrow, to be held and disbursed as hereinafter provided.

     

    NOW,
      THEREFORE, with reference to the foregoing facts, the parties agree as follows:
      

     

    1.  Appointment
      of Escrow Agent.
      The
      Company and GTI hereby appoint the Escrow Agent to act in accordance with and
      subject to the terms of this Agreement, and the Escrow Agent hereby accepts
      such
      appointment and agrees to act in accordance with and subject to such
      terms.

     

    2.  Deposit
      of Escrow Shares.
      On or
      before the effective date of the Registration Statement, GTI shall deliver
      to
      the Escrow Agent a certificate representing its Escrow Shares, to be held and
      disbursed subject to the terms and conditions of this Agreement. GTI
      acknowledges that the certificate representing its Escrow Shares is legended
      to
      reflect the deposit of such Escrow Shares under this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    3.  Disbursement
      of the Escrow Shares.

     

    3.1  The
      Escrow Agent shall hold the Escrow Shares from the date of delivery until the
      Release Date (the “Escrow
      Period”).

     

    3.2  For
      purposes of this Agreement: 

     

    3.2.1  “Business
      Combination”
shall
      mean a
      merger,
      capital stock exchange, asset or stock acquisition or other similar business
      combination with one or more operating businesses.

     

    3.2.2  “Release
      Date”
shall
      mean the earliest to occur of: (a) six months following the closing of the
      Business Combination; (b) the Sale Date; and (c) the Trust Account Liquidation
      Date. 

     

      3.2.3  “Sale
        Date”
shall
        mean the date after completion of a Business Combination on which a Stockholder
        Liquidation Event occurs.

     

      3.2.4  “Stockholder
        Liquidation Event”
shall
        mean after completion of a Business Combination: (a) the merger, consolidation,
        reorganization or similar transaction involving the Company (or a successor
        to
        the Company) in which the common stockholders of the Company (or such successor)
        have the right to exchange their shares of Common Stock (or successor
        securities) for cash, securities or other property, but excluding a
        reorganization in which the common stockholders exchange their shares for
        shares
        of a newly formed holding company and have substantially the same proportionate
        interests in the holding company that they had in the Company (or successor);
        (b) the liquidation of the Company; or (c) the sale of all or substantially
        all
        of the assets of the Company.

     

      3.2.5  “Trust
        Account”
shall
        mean a trust
        account at JP Morgan Chase Bank NA, maintained by Continental Stock
        Transfer & Trust Company, acting as trustee.
        

     

    3.2.6  “Trust
      Account Liquidation Date”
shall
      mean the date prior to the completion of a Business Combination that the Trust
      Account is liquidated and the funds in the Trust Account are distributed to
      the
      beneficial owners of the Trust Account.

     

    3.3  Upon
      the
      Release Date, the Escrow Agent shall disburse to GTI its respective Escrow
      Shares to the address on record of GTI or as may otherwise be directed by GTI
      in
      writing. 

     

    3.4  The
      Company agrees to notify the Escrow Agent in advance of any anticipated
      Stockholder Liquidation Event or Trust Account Liquidation Date and upon the
      occurrence thereof. The Escrow Agent shall rely upon a certificate (the
“Officer’s Certificate”), executed by the Chief Executive Officer or Chief
      Financial Officer of the Company, in form reasonably acceptable to the Escrow
      Agent, that certifies that the Release Date has occurred, and shall not be
      required to disburse the Escrow Shares unless and until it receives the
      Officer’s Certificate. 

     

    
      
        
        

      

      
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          2
          -

        
          

        

      

      
        
        

      

       

    

    4.  Rights
      of GTI in Escrow Shares.

     

    4.1  Rights
      as a Stockholder.
      Except
      as provided in this Section 4 and the Private Placement Securities Purchase
      Agreement (as defined below), GTI shall retain all of its rights as a
      stockholder of the Company with respect to its Escrow Shares during the Escrow
      Period, including, without limitation: 

     

    4.1.1  the
      right
      to vote; and 

     

    4.1.2  the
      right
      to receive dividends and distributions, if any, with cash dividends paid to
      GTI
      and dividends paid in stock or other non-cash property (“Non-Cash
      Dividends”)
      delivered to the Escrow Agent to hold in accordance with the terms hereof (and
      the term “Escrow
      Shares”
shall
      be deemed to include the Non-Cash Dividends distributed with respect to any
      Escrow Shares held by the Escrow Agent prior to the distribution).

     

    4.2  Restrictions
      on Transfer.
      During
      the Escrow Period, GTI agrees not to sell, transfer or assign any or all of
      its
      Escrow Shares except to its members (and the Escrow Shares may subsequently
      be
      transferred by such members to their ancestors, descendants or spouse
      or
      to trusts established for the benefit of such persons or the member, or to
      affiliated companies);
      provided, however, that such permissive transfers may be implemented only upon
      the respective transferee’s written agreement to be bound by the terms and
      conditions of this Agreement as a stockholder and of the Private Placement
      Securities Purchase Agreement signed by GTI transferring the Escrow Shares.
      During the Escrow Period, GTI agrees that it may not pledge or grant a security
      interest in the Escrow Shares or grant a security interest in its rights under
      this Agreement. For purposes of this Agreement, “Private Placement Securities
      Purchase Agreement”
      means
      the agreement between GTI, the Representative and the Company attached as
      Exhibit 10.7 to the Registration Statement setting forth certain rights and
      obligations of GTI in certain events, including but not limited to the
      liquidation of the Company.

     

    5.  Concerning
      the Escrow Agent.

     

    5.1  Good
      Faith Reliance.
      The
      Escrow Agent shall not be liable for any action taken or omitted by it in good
      faith and in the exercise of its own best judgment, and may rely conclusively
      and shall be protected in acting upon any order, notice, demand, certificate,
      opinion or advice of counsel (including counsel chosen by the Escrow Agent),
      statement, instrument, report or other paper or document (not only as to its
      due
      execution and the validity and effectiveness of its provisions, but also as
      to
      the truth and acceptability of any information therein contained) which is
      believed by the Escrow Agent to be genuine and to be signed or presented by
      the
      proper person or persons. The Escrow Agent shall not be bound by any notice
      or
      demand, or any waiver, modification, termination or rescission of this Agreement
      unless evidenced by a writing delivered to the Escrow Agent signed by the proper
      party or parties and, if the duties or rights of the Escrow Agent are affected,
      unless it shall have given its prior written consent thereto.

     

    5.2  Indemnification.
      The
      Company agrees to indemnify and hold the Escrow Agent harmless from and against
      any expenses, including counsel fees and disbursements, or losses suffered
      by
      the Escrow Agent in connection with any action, suit or other proceeding
      involving any claim which in any way, directly or indirectly, arises out of
      or
      relates to this Agreement, the services of the Escrow Agent hereunder, or the
      Escrow Shares held by it hereunder, other than expenses or losses arising from
      the gross negligence or willful misconduct of the Escrow Agent. Promptly after
      the receipt by the Escrow Agent of notice of any demand or claim or the
      commencement of any action, suit or proceeding, the Escrow Agent shall notify
      the other parties hereto in writing. In the event of the receipt of such notice,
      the Escrow Agent, in its sole discretion, may commence an action in the nature
      of interpleader in an appropriate court to determine ownership or disposition
      of
      the Escrow Shares or it may deposit the Escrow Shares with the clerk of any
      appropriate court or it may retain the Escrow Shares pending receipt of a final,
      non appealable order of a court having jurisdiction over all of the parties
      hereto directing to whom and under what circumstances the Escrow Shares are
      to
      be disbursed and delivered. The provisions of this Section 5.2 shall survive
      in
      the event the Escrow Agent resigns or is discharged pursuant to Sections 5.5
      or
      5.6 below.

     

    
      
        
        

      

      
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          3
          -

        
          

        

      

      
        
        

      

       

    

    5.3  Compensation.
      The
      Escrow Agent shall be entitled to reasonable compensation from the Company
      for
      all services rendered by it hereunder. The Escrow Agent shall also be entitled
      to reimbursement from the Company for all expenses paid or incurred by it in
      the
      administration of its duties hereunder including, but not limited to, all
      counsel, advisors’ and agents’ fees and disbursements and all taxes or other
      governmental charges.

     

    5.4  Further
      Assurances.
      From
      time to time on and after the date hereof, the Company and GTI shall deliver
      or
      cause to be delivered to the Escrow Agent such further documents and instruments
      and shall do or cause to be done such further acts as the Escrow Agent shall
      reasonably request to carry out more effectively the provisions and purposes
      of
      this Agreement, to evidence compliance herewith or to assure itself that it
      is
      protected in acting hereunder.

     

    5.5  Resignation.
      The
      Escrow Agent may resign at any time and be discharged from its duties as escrow
      agent hereunder by giving the other parties hereto written notice, and such
      resignation shall become effective as hereinafter provided. Such resignation
      shall become effective at such time that the Escrow Agent shall turn over to
      a
      successor escrow agent appointed by the Company the Escrow Shares held
      hereunder. If no new escrow agent is so appointed within the 60-day period
      following the giving of such notice of resignation, the Escrow Agent may deposit
      the Escrow Shares with any court it reasonably deems appropriate.

     

    5.6  Discharge
      of Escrow Agent.
      The
      Escrow Agent shall resign and be discharged from its duties as escrow agent
      hereunder if so requested in writing at any time by the Company and the holders
      of a majority of the Escrow Shares, provided, however, that such resignation
      shall become effective only upon acceptance of appointment by a successor escrow
      agent as provided in Section 5.5.

     

    5.7  Liability.
      Notwithstanding anything herein to the contrary, the Escrow Agent shall not
      be
      relieved from liability hereunder for its own gross negligence or its own
      willful misconduct.

     

    6.  Miscellaneous.

     

    6.1  Governing
      Law.
      This
      Agreement shall for all purposes be deemed to be made under and shall be
      construed in accordance with the laws of the State of New York, without giving
      effect to conflicts of law principles that would result in the application
      of
      the substantive laws of another jurisdiction.

     

    
      
        
        

      

      
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          4
          -

        
          

        

      

      
        
        

      

       

    

    6.2  Third-Party
      Beneficiaries.
      GTI
      hereby acknowledges that the Underwriters are third-party beneficiaries of
      this
      Agreement and this Agreement may not be modified or changed without the prior
      written consent of the Representative.

     

    6.3  Entire
      Agreement.
      This
      Agreement contains the entire agreement of the parties hereto with respect
      to
      the subject matter hereof and, except as expressly provided herein, may not
      be
      changed or modified except by an instrument in writing signed by the party
      to be charged.

     

    6.4  Headings.
      The
      headings contained in this Agreement are for reference purposes only and shall
      not affect in any way the meaning or interpretation thereof.

     

    6.5  Binding
      Effect.
      This
      Agreement shall be binding upon and inure to the benefit of the respective
      parties hereto and their legal representatives, successors and
      assigns.

     

    6.6  Notices.
      Any
      notice or other communication required or which may be given hereunder shall
      be
      in writing and either be delivered personally or be mailed, certified or
      registered mail, or by private courier service, return receipt requested,
      postage prepaid, and shall be deemed given when so delivered personally or,
      if
      mailed, two days after the date of mailing, as follows: 

     

    If
      to the
      Company, to:

     

    Global
      Technology Industries, Inc.

    375
      Park
      Avenue, Suite 1505

    New
      York,
      NY 10152

     

    If
      to GTI
      to:

     

    c/o
      Global Technology Industries, Inc.

    375
      Park
      Avenue, Suite 1505

    New
      York,
      NY 10152

     

    and
      if to
      the Escrow Agent, to: 

     

    Continental
      Stock Transfer & Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Chairman

     

    A
      copy of
      any notice sent hereunder shall be sent to: 

     

    Morgan
      Joseph & Co. Inc.

    600
      Fifth
      Avenue, 19th Floor

    New
      York,
      New York 10020

    Attn:
      Mike Powell

     

    and:

     

    McDermott
      Will & Emery LLP

    340
      Madison Avenue 

    New
      York,
      NY 10017

    Attn:
      Stephen Older, Esq.

             
 
      

               
      and:        

                       
      

                                 
      Benesch,  Friedlander, Coplan & Aronoff LLP

                                 
      2300 BP Tower

                                 
      200 Public Square

                                 
      Cleveland, OH 44114

                                 
      Attn: Douglas E. Haas, Esq.

    
      
        
        

      

      
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    Any
      party
      may change the person and address to which the notices or other communications
      are to be sent by giving written notice to any such change in the manner
      provided herein for giving notice.

     

    6.7  Liquidation
      of the Company.
      The
      Company shall give the Escrow Agent written notification of the liquidation
      and
      dissolution of the Company in the event that the Company fails to consummate
      a
      Business Combination within the time period(s) specified in the
      Prospectus.

     

    WITNESS
      the execution of this Agreement as of the date first above written.

     

    
      	 	 	 
	 	GLOBAL
              TECHNOLOGY
              INDUSTRIES, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
              Robert B. Kay
	 	Title:
              Chief Executive Officer

    

    
       

      
        	 	 	 
	 	CONTINENTAL
                STOCK
                TRANSFER & TRUST COMPANY
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title:

      

      
         

        
          	 	 	 
	 	GTI
                  HOLDINGS,
                  LLC:
	 
 	 
 	 
 
	 	By:  	 
	 	
                  
Name:
	 	Title:

        

         

         

        
          
            
            

          

          
            -
              6
              -PRIVATE
      PLACEMENT SECURITIES PURCHASE AGREEMENT

     

    Private
      Placement Securities Purchase Agreement
      (this
“Agreement”)
      made
      as of this 17 day of March, 2006 among Global Technology Industries, Inc.,
      a Delaware corporation (the “Company”),
      Morgan Joseph & Co. Inc. (“Morgan
      Joseph”)
      as
      representative of the underwriters of the IPO (as defined below) (solely for
      the
      purposes of Section 10 hereof), and GTI Holdings, LLC (the “Purchaser”).

     

    Whereas,
      the
      Company intends to file with the Securities and Exchange Commission
      (“SEC”)
      a
      registration statement on Form S-1, as amended (the “Registration
      Statement”),
      in
      connection with the Company’s initial public offering (the “IPO”)
      of
      units, each unit (“Unit”)
      consisting of (i) one share of the Company’s common stock, $0.0001 par value
      (the “Common
      Stock”),
      and
      (ii) one warrant (the “Warrant”),
      each
      Warrant to purchase one share of Common Stock;

     

    Whereas,
      pursuant to the terms and conditions hereof, the Company desires to sell, and
      the Purchaser desires to acquire, in a private placement (the “Placement”),
      (i)
      250,000 Units (the “Placement
      Units”)
      and
      (ii) 416,667 Warrants (sold separately and not in combination with the Common
      Stock in the form of the Placement Units) (the “Placement
      Warrants”),
      which
      Units and Warrants shall be substantially identical to the Units and Warrants
      issued in the IPO, except that the Placement Units, and their underlying shares
      of Common Stock and Warrants, and the Placement Warrants shall not initially
      be
      registered under the Securities Act of 1933, as amended (the “Securities
      Act”),
      and
      the Warrants will be exercisable by the holder thereof on a cashless basis
      as
      described in the Warrant Agreement filed as an exhibit to the Registration
      Statement (the “Warrant
      Agreement”);
      and

     

    Whereas,
      the
      Warrants included in the Placement Units and the Placement Warrants shall be
      governed by the Warrant Agreement.

     

    Now,
      Therefore,
      for and
      in consideration of the premises and the mutual covenants hereinafter set forth,
      the parties hereto do hereby agree as follows:

     

    1.  Purchase
      of Placement Units.
      The
      Purchaser hereby agrees to purchase 250,000 Placement Units at a purchase price
      of $8.00 per Placement Unit, for an aggregate purchase price of $2,000,000
      (the
“Unit
      Purchase Price”).

     

    2.  Purchase
      of Placement Warrants.
      The
      Purchaser hereby agrees to purchase 416,667 Placement Warrants at a purchase
      price of $1.20 per Placement Warrant, for an aggregate purchase price of
      $500,000 (the “Warrant
      Purchase Price”,
      and
      together with the Unit Purchase Price, the “Purchase
      Price”).
      

     

    3.  Closing.
      The
      closing of the purchase and sale of the Placement Units and the Placement
      Warrants (the “Closing”)
      will
      take place immediately
      prior the closing of the IPO. At the Closing, the Purchaser shall pay the
      Purchase Price by wire transfer of funds to an account maintained by the
      Company. Upon receipt, the Company shall deposit the Purchase Price into the
      trust account described in the Registration Statement (the “Trust
      Account”).
      The
      certificates for the Common Stock and Warrants comprising the Placement Units
      and the certificates for the Placement Warrants shall be delivered to the
      Purchaser promptly after the closing of the IPO, provided, however that the
      Warrant certificates will not be physically delivered to the Purchaser earlier
      than the time when they start to trade.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.  Voting
      of Shares.
      In
      connection with the vote required to consummate a Business Combination (as
      defined in the Amended and Restated Certificate of Incorporation of the
      Company), the Purchaser shall vote the shares of Common Stock included in the
      Placement Units, and any shares of Common Stock acquired in the IPO or
      afterward, in favor of the Business Combination, and therefore waives any
      conversion rights it might have with respect to such shares. In the event that
      the Company fails to consummate a Business Combination within 18 months after
      consummation of the IPO (or within 24 months under  the circumstances
      described in the prospectus relating to the IPO), the Purchaser shall vote
      his
      shares in favor of any plan of dissolution and liquidation recommended by the
      Company's board of directors.

     

    5.  Waiver
      of Liquidation Distributions.
      The
      Purchaser hereby waives any and all right, title, interest or claim of any
      kind
      (“Claim”)
      in or
      to any distribution of the Trust Account in respect of the shares of Common
      Stock included in the Placement Units as a result of the liquidation of the
      Trust Account or otherwise and hereby waives any Claim the Purchaser may have
      in
      the future as a result of, or arising out of, any contracts or agreements with
      the Company and will not seek recourse against the Trust Account for any reason
      whatsoever; provided,
      however,
      that
      this paragraph shall not limit the Purchaser’s right to receive distributions
      from the Trust Account in respect of any securities acquired by it in the IPO
      or
      afterward.

     

    6.  Business
      Combination with an
      Affiliate. The
      Purchaser acknowledges and agrees that the Company has agreed not to consummate
      any Business Combination that involves a company that is affiliated with any
      director, officer or stockholder of the Company immediately prior to the
      consummation of the IPO unless the Company obtains an opinion from an
      independent investment banking firm to the effect that the Business Combination
      is fair to the Company’s stockholders from a financial perspective.

     

    7.  Finder’s
      Fee or Other
      Compensation. Neither
      the Purchaser, its security holders, any member of the family of the Purchaser’s
      security holders, nor any affiliate of the Purchaser will be entitled to receive
      or will accept a finder’s fee or any other compensation in the event the
      Purchaser, any member of the family of the Purchaser’s security holders or any
      affiliate of the Purchaser originates a Business Combination. 

     

      8.  Compensation
        for Services.
Neither
        the Purchaser, its security holders, any member of the family of the Purchaser’s
        security holders, nor any affiliate of the Purchaser will be entitled to
        receive
        from the Company, and will not accept from the Company, any compensation
        for
        services rendered to the Company prior to the consummation of the Business
        Combination, except in connection with services provided by the Purchaser,
        or
        its affiliate, pursuant to the Advance Agreement between the Company and
        the
        Purchaser, the Letter Agreement between the Purchaser and the Company regarding
        administrative services or as described in the registration statement filed
        with
        and declared effective by the Securities and Exchange Commission in connection
        with the IPO. The parties hereto agree that the warrants issued in connection
        with the Placement Units are not compensatory in nature and neither party
        will
        take a position in any tax return inconsistent with that conclusion without
        the
        consent of the other party.

     

    9.  Representations
      and Warranties of the Purchaser.
      The
      Purchaser hereby represents and warrants to the Company that:

     

    9.1  The
      Purchaser is an “accredited investor” as that term is defined in Rule 501 of
      Regulation D promulgated under the Securities Act.

     

    9.2  The
      Placement Units and Placement Warrants are being acquired for the Purchaser’s
      own account, only for investment purposes and not with a view to, or for resale
      in connection with, any distribution or public offering thereof within the
      meaning of the Securities Act.

     

    9.3  The
      Purchaser has the full right, power and authority to enter into this Agreement
      and this Agreement is a valid and legally binding obligation of the Purchaser
      enforceable against the Purchaser in accordance with its terms.

     

    10.  Waiver
      of Claims; Indemnification.
      The
      Purchaser hereby waives any and all rights to assert any present or future
      claims, including any right of rescission, against the Company, Morgan Joseph
      or
      the other underwriters in the IPO with respect to its purchase of the Placement
      Units or Placement Warrants, and the Purchaser agrees to indemnify and hold
      the
      Company, Morgan Joseph and the other underwriters in the IPO harmless from
      all
      losses, damages or expenses that relate to claims or proceedings brought against
      the Company, Morgan Joseph or such other underwriters by the Purchaser of the
      Placement Units or Placement Warrants or its transferees, heirs, assigns or
      any
      subsequent holders of the Placement Units or Placement Warrants.

     

    11.  Counterparts;
      Facsimile.
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and all of which taken together
      shall
      constitute one and the same instrument. This Agreement or any counterpart may
      be
      executed via facsimile transmission, and any such executed facsimile copy shall
      be treated as an original.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    12.  Governing
      Law; Jurisdiction.
      This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York, without giving effect to conflicts of law
      principles that would result in the application of the substantive laws of
      another jurisdiction. The Purchaser hereby (i) agrees that any action,
      proceeding or claim against it arising out of or relating in any way to this
      Agreement (a “Proceeding”)
      shall
      be brought and enforced in the courts of the State of New York or the United
      States District Court for the Southern District of New York, and
      irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive,
      (ii) waives any objection to such exclusive jurisdiction and that such courts
      represent an inconvenient forum; and (iii) irrevocably agrees to appoint, at
      the
      expense of the Company, prior to the effectiveness of the Registration
      Statement, a person or entity acceptable to Morgan Joseph, as agent for the
      service of process in the State of New York to receive, for the Purchaser and
      on
      its behalf, service of process in any Proceeding (and Morgan Joseph agrees
      that
      CT Corporation System is an acceptable agent). If for any reason such agent
      is
      unable to act as such, the Purchaser will promptly notify the Company and Morgan
      Joseph and appoint a substitute agent acceptable to Morgan Joseph within 30
      days
      and nothing in this letter will affect the right of either party to serve
      process in any other manner permitted by law.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have executed this Agreement as of the date first written
      above.

     

    
      	
              GLOBAL
                TECHNOLOGY INDUSTRIES, INC.

            	 	 	GTI HOLDINGS, LLC
	
              A
                Delaware Corporation

            	 	 	 
	 	 	 	 
	By:
              /s/ Robert B.
              Kay	 	 	By:
              /s/ Jonathan
              N. Schulhof
	
              

            	 	 	
              

            
	Name:
              Robert B.
              Kay
Title: President	 	 	Name:
              Jonathan N.
              Schulhof
Title: President

    

     

    
      	MORGAN
              JOSEPH
              & CO. INC.	 	 	 
	as representative of the
              underwriters	 	 	 
	 	 	 	 
	By:
              /s/ R. Michael
              Powell	 	 	
            
	
              

            	 	 	
            
	Name:
              R. Michael
              Powell
Title: Managing Director	 	 	 

    

     

    
      
        
        

      

      
        -4-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]