Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement

Vertical Bridge Settlement Agreement and Release

TPT Global Tech, Inc. ("the Company") has been named in a lawsuit by Vertical Bridge and several of its related entities ("Vertical Bridge"). The claim derived from an outstanding debt or unpaid tower lease payments. The Company was communicating with opposing counsel for negotiations of the claims which amounted to approximately $1,200,000, including payment due for all future tower payments not yet incurred under various tower lease agreements.

On September 26, 2024, the Company and Vertical Bridge entered into a Settlement Agreement and Mutual Release to be paid $210,000 in three payments ending August 30, 2026. Default under the Settlement Agreement and Mutual Release falls under a Confession of Judgement for $210,000, or lessor for any amounts previously paid.

The descriptions of the Settlement Agreement and Mutual Release do not purport to be complete and are qualified in their entirety by reference to the full text of the Settlement Agreement and Mutual Release, copy of the form of which is filed hereto as Exhibit 10.1 and is incorporated herein by reference.