Material Agreement, Financial Obligation, Private Placement (Form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On April 22, 2026, Global Interactive Technologies, Inc. (the "Company") closed a Securities Purchase Agreement (the "Purchase Agreement") with FirstFire Global Opportunities Fund, LLC ("FirstFire"), in connection with a private placement offering of a convertible promissory note in the original principal amount of $550,000.00 (the "Note").

Pursuant to the Purchase Agreement, FirstFire purchased the Note with an original issue discount of $44,000.00 and net proceeds to the Company of $506,000.00.

The Note bears interest at 9% per annum and matures 12 months after issuance. The Note is subject to a default penalty that increases the principal amount by 25% and includes customary events of default, covenants and remedies. The Note permits full prepayment by the Company, subject to the terms set forth in the Note.

If an event of default occurs under the Note, FirstFire may, on any calendar day, at any time on or following the date that the event of default occurs, elect to convert the then-outstanding principal amount and interest into shares of the Company's common stock at a conversion price equal to 85% of the volume-weighted average price of the Company's common stock during the fifteen (15) trading day period ending on the latest complete trading day prior to the applicable conversion date, representing a 15% discount to market price. Upon the occurrence and continuation of an event of default, the outstanding balance of the Note is automatically increased to 125% of the sum of unpaid principal and accrued interest. In addition, the principal balance of the Note shall increase by $5,000.00 on the 1st of each calendar month after the date of the occurrence of an event of default until the Note is repaid in the entirety.

The Purchase Agreement also provides FirstFire with piggyback registration rights at any time on or after closing, subject to customary exceptions.

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

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference. The Note constitutes a direct financial obligation of the Company.

Item 3.02. Unregistered Sales of Equity Securities.

The information set forth in Item 1.01 above is incorporated herein by reference into this Item 3.02. The Note and any shares of common stock issued upon conversion thereof were issued and sold pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 and/or Rule 506 of Regulation D promulgated thereunder, as transactions not involving a public offering.