TPTW TPT Global Tech Inc (CE)

Item 1.01 Entry into a Material Definitive Agreement

Securities Purchase Agreement – Geneva Roth Remark Holdings, Inc.

On May 21, 2019, the Company consummated a Securities Purchase Agreement dated May 15, 2019 with Geneva Roth Remark Holdings, Inc. (“Geneva Roth”) for the purchase of a $58,000 convertible promissory note (“Convertible Promissory Note”). This Convertible Promissory Notes is part of a larger investment term sheet with Geneva Roth, at their option, to invest in TPT Global Tech, Inc. for up to $975,000. The Convertible Promissory Note is due May 15, 2020, pays interest at the rate of 12% per annum and gives the holder the right from time to time,and at any time during the period beginning 180 days from the origination date to the maturity date or date of default to convert all or any part of the outstanding balance into common stock of the Company limited to 4.99% of the outstanding common stock of the Company. The conversion price is 61% multiplied by the average of the two lowest trading prices for the common stock during the previous 20 trading days prior to the applicable conversion date.   The Convertible Promissory Note may be prepaid in whole or in part of the outstanding balance at 125% to 140% up to 180 days from origination.

Smartphone Division Lion Universe Purchase Order

On May 22, 2019, TPT Global Tech, Inc. (“the Company”) announced that its Smartphone Division Lion Universe signed a $2.4M Purchase Order with Argentinean Import Company GO 2 FUTURE S.A. located in Buenos Aries, Argentina. The 3D Lion Universe Smartphone will be the first  Full HD Naked Eye 3D  Smartphone without 3D glasses ever launched in Argentina. The mobile 3D technology is patent pending.  The Lion 3D Smartphone Phone was designed for consumers looking for portable and affordable cutting-edge technology.  The Company's first generation phones come equipped with full high definition resolution screen for better viewing. This Full HD Naked Eye 3D smartphone is perfect for watching movies, playing games, even editing photos or videos.   The terms include 50% down and 100% payment prior to shipment which was based on 12,000 phone commitment. The terms allow the Company to fulfill this purchase order.